#Ethereum is stealing the spotlight. While Bitcoin ETFs are experiencing sharp outflows, ETH funds are attracting institutional capital rapidly, and all signs are converging. Just an hour ago, CryptoQuant confirmed that Binance altcoin inflows have surged to an 18-month high, solidifying what many traders already feel: altseason is here.
Ethereum ETF Inflows Flip the Narrative
Data shows Ethereum ETFs registered +15,494 ETH in net inflows on August 6, equal to $55.93 million. The standout was iShares (BlackRock), which added 24,812 ETH, bringing its total holdings to over 2.95 million ETH ($10.66B). Meanwhile, Grayscale and Fidelity ETH funds also held their ground or increased.
Lookonchain
In contrast, Bitcoin ETFs saw a combined net outflow of -1,821 BTC, worth $208.06 million. Fidelity alone dropped 872 BTC, with ARK and Grayscale following suit. The capital shift from $BTC to $ETH is clear — and it’s not just isolated to ETF behavior.
CryptoQuant: Binance Altcoin Inflows Just Hit an 18-Month High
Roughly an hour before this report, we posted an update from CryptoQuant showing a major breakout in Binance altcoin inflow transaction count, reaching the highest level in a year and a half.
This on-chain confirmation backs what’s unfolding at the institutional level. Altcoins are being accumulated at scale. Smart money is moving early, and it’s not just rotating from Bitcoin — it’s reloading into Ethereum and top-tier altcoins.
Whales Rotate as ETH Dominance Grows
The data signals more than a temporary $ETH pump. Institutions are positioning aggressively into Ethereum, likely betting on ETF momentum and regulatory clarity. The net result: ETH is acting as the gateway asset for a broader altcoin breakout.
Bitcoin dominance is beginning to soften, ETF capital is rotating, and exchange inflow patterns match previous altseason triggers.
Conclusion
ETF flows don’t lie. Neither does on-chain volume.
Ethereum is gaining traction on institutional trust, while altcoins are gaining momentum across Binance. The CryptoQuant alert posted earlier confirms it, and the charts are backing it.
#Altseason isn’t coming. It’s already started.
