Crypto ETFs see selective demand; Bitcoin leads but altcoins with real use cases gain traction.

The crypto ETF market is becoming more selective, with Bitcoin remaining the dominant asset despite weaker demand and price declines. Investors favor low-cost Bitcoin ETFs like Grayscale's and Morgan Stanley's, while Ethereum ETFs face heavier outflows due to Ether's higher volatility. Interest in altcoins is uneven but growing, especially for tokens like Hyperliquid that offer real-world utility and revenue generation. Additionally, actively managed multi-token ETFs are emerging to provide flexibility in the volatile crypto market, signaling evolving investor strategies amid regulatory progress and market challenges.