Wall Street’s altcoin ETF rotation is not producing an altseason, and the old playbook may be breaking
US ETFs tied to Ethereum, XRP and Solana drew nearly $59 million on Sept. 9 while Bitcoin products lost $120.24 million. Yet the broader market barely moved: BlockchainCenter’s Altcoin Season Index was 37, far below the 75 threshold. Capital remains concentrated in a few large assets rather than spreading across the wider token market.













































