Hi!! I have the same thing happening in my hydrangea. Lots of lush leaves up top and buds forming but I'm seeing these strange whitish young leaves forming and it worries me. Is there a water issue? Iron deficiency ? Too much fertilizer? Used holly tone pretty liberally in the spring. Buds look healthy. I had an issue last year with the spotty fungus and am getting ready to do a fungicide treatment at the roots. Don't see spots yet but I know they are coming. Trying to water below but my irrigation system I inherited is overhead so I may have expensive changes to make. Thanks for any advice !