🚨 Bitcoin ETF assets exceed $97.5 billion! BTC funds begin to overflow, which will catch the next round of funds, ETH, SOL, or Pepeto?

A noticeable change is occurring in the crypto market: the allocation of traditional funds to Bitcoin has reached new heights, but what the market is really concerned about is no longer just "are institutions still buying BTC," but rather—after Bitcoin becomes the first stop for institutional funds entering the crypto market, where will the next funds flow?

As of September 11, the total net assets of the US spot Bitcoin ETF are approximately $97.577 billion, accounting for 6.28% of Bitcoin's total market value, with a cumulative net inflow of about $55.155 billion. Meanwhile, the Bitcoin ETF has recently experienced continuous fund outflows, with a total outflow of about $46.27 billion from September 8 to 11, though the actual publicly reported figure stands at approximately $4.63 billion.

This indicates a key change:

Institutional funds have not disappeared, but the direction of short-term funds has begun to diverge.

Summary of Key Points

• Total net assets of the US spot BTC ETF are approximately $97.58 billion
• Cumulative net inflow of about $55.15 billion, ETF assets account for over 6% of BTC market value
• Recent continuous net outflow from BTC ETF indicates funds are not consistently flooding in
• ETH has shown relatively strong performance recently, and the Glamsterdam upgrade is entering a critical testing phase
• SOL still has strong on-chain activity, but its price volatility is significantly higher than that of BTC and ETH
• Pepeto is still in the presale stage, with the project team reporting fundraising has surpassed $10.9 million, but there is currently no verifiable public market price
• Statements such as “100 times” and “certain to launch on Binance” are promotional or speculative and should not be regarded as definite events

What can ETF funds drive after $97.5 billion?

Over the past two years, one of the biggest changes in the crypto market is that Bitcoin is gradually becoming the standard entry point for traditional funds entering the digital asset market.

The emergence of the US spot BTC ETF allows institutions to gain exposure to BTC prices through traditional securities accounts without having to manage wallets, private keys, and on-chain transactions directly.

Now, this funding pool is nearing $100 billion.

More importantly, the cumulative net inflow has exceeded $55 billion.

This indicates that the ETF is not a short-term speculative product, but is becoming part of the long-term funding structure within the crypto market.

However, funds will not remain in BTC forever.

Once BTC completes its first round of institutional allocations, the market will naturally start looking for the next layer of assets.

This is also why ETH, SOL, and some high-risk early projects will regain visibility in investor minds when risk appetite improves.

However, there is a very easily overlooked issue here:

The outflow of funds from BTC to other assets does not mean that all altcoins will rise.

What truly determines the flow of funds remains liquidity, fundamentals, narrative strength, and market risk appetite.

ETH: Institutional funds are looking for a second choice outside BTC

If one is to find the most mature asset after BTC, ETH remains an unavoidable choice.

According to CoinGabbar data on September 12, ETH rose about 3.1% on that day, reaching around $2,534, with a market cap of about $309.3 billion.

Meanwhile, Ethereum itself is pushing forward with the next phase of upgrades.

The official Ethereum roadmap shows that Glamsterdam is still in the development network testing phase, with the next target date for the Sepolia testnet set for October 6, while the mainnet upgrade is tentatively scheduled for the fourth quarter of 2026, but the specific date has yet to be confirmed.

The significance of Glamsterdam is not just a simple upgrade.

One of its goals is to further improve the scalability and block processing mechanism of Ethereum L1, laying the foundation for future network expansion.

Of course, investors cannot ignore the risks.

Currently, Glamsterdam is still in the testing phase, and the development has already exposed issues at the consensus and execution layers, so the October 6 date is more accurately described as a “target date,” rather than a locked mainnet launch date.

Therefore, the logic surrounding ETH leans more towards:

Mature asset + Institutional funds + Upgrade expectations.

It may not have the exaggerated revenue imagination space of early small coins, but accordingly the market depth and ecological foundation are completely different.

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SOL: High elasticity, but also means high risk

Compared to ETH, Solana's characteristics are more pronounced.

Speed, low costs, and a vast application ecosystem have made SOL a key choice in phases of higher risk appetite.

However, SOL's greatest advantage is also its source of risk.

When the market rises, it often outperforms BTC;

but when the market begins to seek safety, the rate of funds withdrawal can also be faster.

Therefore, for SOL, one cannot only look at a single price target, but needs to observe whether on-chain activity, application income, ETF funds, and overall market risk appetite are improving in sync.

In other words:

ETH is more like a core asset that institutional funds are seeking outside BTC, while SOL is closer to high Beta trading.

Pepeto: Why are these types of presale projects starting to attract funds again?

The truly controversial one is actually Pepeto, which the article highlights.

According to data disclosed by CoinGabbar on September 7, Pepeto had raised about $10.949 million in its presale, with the project team advertising a staking annual yield of 163%.

Subsequently, the project team announced on September 10 that fundraising had exceeded $10.96 million.

From the scale of funds, Pepeto has indeed become one of the more focused projects in the recent presale market.

However, it is crucial to separate “fund inflow” from “investment value.”

A presale fundraising exceeding $10 million only proves that there are funds willing to participate; it does not guarantee that the token will rise after being listed.

Furthermore, one cannot assume just because the project team

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