Discover the first signs of altcoin season as capital moves from Bitcoin ETF to Ethereum ETF. Analysts believe this shift could mark the beginning of altcoin season.
On December 23, Bitcoin (BTC) Exchange-Traded Funds (ETFs) in the U.S. saw a capital outflow of $226 million while Ethereum (ETH) ETF attracted $130 million on the same day. This trend started on December 19, with over $1.1 billion already exited from Bitcoin ETFs. GrayScale’s GBTC fund played a significant role in this decrease by selling 1,870 bitcoins in three days. Analysts believe this capital movement could indicate the beginning of altcoin season. Increased capital inflow into Ethereum staking contracts and positive technical indicators also support this view.
