$218.4 million ETH ETF inflow fails to lift altcoins
- —Spot ETH ETF inflows for the week were $218.4 million, while ETH fell 2%
- —Bitmine bought 28,086 ETH in a week, bringing total holdings to 5.93 million ETH (4.9% of supply)
- —BTC dominance is around 59%, altseason index at 40
- —Solana is preparing V1 transactions up to 4,096 bytes, activating September 15
Why it matters: ETF inflows are not translating into price gains: institutional demand does not guarantee an altcoin rally.
Source: TokenPost