According to Crypto.news reports, the crypto market has posted sharp gains across Bitcoin and several major altcoins, but Cryptex Finance data covering 36 assets and roughly 92% of the digital asset market shows that capital remains heavily concentrated in Bitcoin and Ethereum despite prices rising across the market. Cryptex's 36-asset index gained just 1.92% over the trailing seven days, even as several major cryptocurrencies posted much larger gains from their recent lows. As reported by Crypto.news, Cryptex co-founder Joe Sticco said low price dispersion suggests cryptocurrencies are moving together rather than investors rotating capital between assets and sectors.
According to Crypto.news data, on the day measured by Cryptex, the strongest constituent gained 6.71%, while the weakest declined 1.49%. Despite covering 36 cryptocurrencies from five sectors, the entire range between the best and worst performers amounted to roughly eight percentage points. Sticco explained that such low dispersion indicates a common market factor is lifting cryptocurrencies together instead of investors moving money between assets based on individual fundamentals. Major tokens nevertheless produced very different headline returns, with Bitcoin's seven-day increase at roughly 14%, XRP's at 28%, and Solana's at about 19%.
As reported by Crypto.news, during one recent Wednesday session, U.S. spot Bitcoin ETFs received approximately $232 million, while Ether ETFs attracted roughly $192 million. XRP products brought in around $28 million, compared with approximately $15 million for HYPE products and $9 million for Solana. By Sticco's calculation, close to nine dollars out of every ten went into Bitcoin and Ethereum. Weekly figures showed a similar concentration, with Bitcoin receiving about 71% of flows and Ethereum another 26%, while Bitcoin dominance remained around 57% to 60% depending on the market universe used.
According to Crypto.news data, August Bitcoin ETF inflows had exceeded $3 billion by the time of Sticco's comments, making it the strongest month of 2026. He said BlackRock had absorbed a large portion of the demand, including around $1.3 billion during the previous week. The concentration comes even as U.S. spot products have helped support Bitcoin's recovery, with a previous report showing U.S. spot Bitcoin ETFs had taken in approximately $1.9 billion across five consecutive inflow sessions by Aug. 24. However, Sticco noted that net assets held by the funds climbed from roughly $77 billion in mid-August to just above $99 billion by Tuesday, an increase of about $22 billion, with actual net inflows during the eight-session streak totaling only around $2.8 billion.
As reported by Crypto.news, the U.S. Treasury's Aug. 19 decision to increase long-dated debt buybacks from $2 billion to at least $4 billion per operation served as an important catalyst, followed by falling long-term yields and an 8.2% Bitcoin advance from an intraday low around $64,100 to approximately $69,500 in less than 12 hours. Sticco pointed to the CLARITY Act, which would establish a statutory division of responsibilities between the SEC and CFTC for parts of the digital asset market, with the Senate Banking Committee having advanced the legislation 15-9 in May. However, Polymarket odds for the CLARITY Act becoming law in 2026 had fallen from roughly 82% in February to around 25% in late August, while Galaxy Research placed the probability closer to 10%.
