Bitcoin ETFs shed 120 million as altcoin funds flip green

Bitcoin ETFs just hit a rough patch while the rest of the market picked up the slack. Data from Wednesday shows these funds lost $120 million in a single day, more than doubling the outflows seen on Tuesday. It's a sharp reversal for the premier digital asset, but investors aren't fleeing the space entirely. They're just shifting their focus. While Bitcoin bled, institutional appetite for Ether, XRP, and Solana stayed hungry. These major altcoin funds recorded net inflows, suggesting traders are hunting for value outside the orange coin's orbit. This divergence marks a shift in momentum after weeks of Bitcoin dominance. If the bleeding doesn't stop by Friday, we'll be looking at the first major test of institutional nerves since the summer slump. Will the altcoin rotation hold, or is this just a momentary detour on the way back to Bitcoin?