비트코인 ETF가 호재? 비트코인 상승분이 알트코인으로 절대 안 흘러가는 충격적 이유 | 서동주, 김동환 진종현 쟁글 리서치센터장

Summary

Jin Jong-hyun explains why Bitcoin's recovery has not lifted altcoins, attributing it to institutional ETF flows that break the traditional trickle-down effect. He highlights the RWA (Real World Assets) sector as the primary area attracting institutional capital and recommends BlackRock stock as a direct play. He also provides technical signals (Bitcoin dominance, ETH/BTC ratio) to watch for a potential altcoin rotation.

• Bitcoin found support near $60k driven by institutional ETF buying, but the market is in a recovery phase, not a new bull run.
• Altcoins are not benefiting from Bitcoin's rise because institutional profits stay in brokerage accounts rather than rotating into crypto exchanges.
• The RWA (Real World Assets) sector is seeing real adoption with major institutions like BlackRock, JP Morgan, and Mastercard actively tokenizing assets.
• Jin Jong-hyun recommends buying BlackRock stock (BLK) to gain exposure to both traditional ETF growth and RWA tokenization.
• Chainlink (LINK) is highlighted as key infrastructure for RWA, with a token burn mechanism that may support its price.
• A drop in Bitcoin dominance below 50% and a rise in the ETH/BTC ratio are potential early signals for an altcoin rally.
• The Clarity Act in the US could remove regulatory hurdles for altcoins, but passage remains uncertain.
• The overall theme for 2026 is the completion of institutionalization in crypto, with real money flows following infrastructure buildout.