ETF Momentum Meets Macro Tailwinds – Tactical Rotations Keep Us Ahead

What We Got Right ✅

➕ Solana ETF Playbook Executed Cleanly
We trimmed SOL during low momentum but re-entered ahead of its staking ETF debut. With strong inflows on both day one and two, the overweight delivered clear outperformance.

➕ Rotated ETH Exposure Back Into Strength
We reduced our ETH position early in the week as ETF flows turned negative but scaled back in as flows and price momentum returned. This dynamic allocation helped capture upside while minimizing drag.

➕ Maintained BTC Core Anchor Amid Choppiness
Bitcoin’s 15-day ETF inflow streak ended, but core demand held. We maintained a dominant BTC position through institutional accumulation and global adoption headlines—like India’s pilot reserve push.

What We Got Wrong ❌

❌ Underexposed During Short-Term Ethereum Breakout
We briefly underweighted ETH while waiting for confirmation of ETF inflows. Though we re-entered quickly, some early momentum was missed before the rally gathered pace.

❌ Too Conservative Ahead of Macro Greenlights
With ETF inflows rising and geopolitical risks fading, our 20%+ cash allocation midweek was overly cautious. While this protected downside, a more aggressive posture would have captured stronger upside earlier.

Key Lessons ?

? ETF Flow Trends Are the Leading Signal
Solana’s ETF debut, Ethereum’s inflow rebound, and Bitcoin’s institutional streak all show how capital flows continue to drive near-term performance. Watching daily ETF data remains critical.

? Adoption Headlines Can Still Move Markets
India’s Bitcoin reserve idea, China's easing stance, and major corporate buys reminded us that new adoption narratives continue to influence sentiment—even more than short-term macro noise.

? Rotation Beats Prediction in Fast Markets
This week confirmed the value of being reactive over predictive. Swift shifts in flows and sentiment demanded timely rebalancing rather than fixed convictions.

Final Takeaway

With Bitcoin hovering near its ATH, altcoin flows rebounding, and macro conditions neutral-to-positive, the digital asset market remains in a constructive consolidation. We captured upside via Solana and Ethereum while preserving performance with our BTC anchor.

The next phase will be defined by:

• Whether Bitcoin breaks ATH and pulls capital back from alts
• How fast ETH and SOL maintain ETF-driven momentum
• If macro catalysts (e.g., rate cuts) accelerate

We’re positioned for all three.

Understanding Our Benchmark and Positioning Terms

Our benchmark is a market-cap weighted index composed of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) — the three most widely held and institutionally tracked assets in the space. Weightings are determined based on each asset’s relative market capitalization at the start of the review period.

When we refer to “neutral weight,” we mean a position aligned with the benchmark weight. An “overweight” position indicates we hold a larger allocation to that asset than its benchmark weight, reflecting higher conviction or expected outperformance. Conversely, an “underweight” position means our allocation is below the benchmark weight, typically due to near-term risks or weaker conviction.