The altcoin season has not officially begun, but positive signs are gradually appearing with the Altcoin Season Index at 46/100.
Only when reaching the threshold of 75% can a true altcoin season be confirmed. The development of cryptocurrency ETFs is seen as a key factor that helps open the door for a broader altseason trend.
MAIN CONTENT
The Altcoin Season Index is at 46, below the 75 threshold to confirm altseason.
Cryptocurrency ETFs are expected to trigger a broad wave of investment in altcoins.
Expert opinions are divided on when altseason will occur, ranging from the end of the year to the earliest possibility in September.
Can cryptocurrency ETFs leverage the altcoin season?
Experts at Bitfinex believe that the altcoin season will truly explode when more diverse cryptocurrency ETFs emerge in the market. The drop in Bitcoin's market share to about 58.5% in just one month indicates that altcoins are gradually gaining dominance, but the momentum is not strong enough yet.
The launch of ETF products allows investors to access altcoins legally, maintaining sustainable demand at all price levels and attracting institutional capital. This helps altcoins benefit similarly to Bitcoin and Ethereum. Therefore, there are still no strong enough catalysts for the entire altcoin market to grow simultaneously.
What is the current sentiment in the cryptocurrency market?
Currently, the cryptocurrency market remains quite cautious, with signs of weak growth. According to Bitfinex, although cash flow remains positive, the excitement and sudden demand are much weaker than previous record-breaking rallies.
This makes it difficult for altcoins to break out even when Bitcoin is highly volatile. However, some experts like David Duong – Head of Research at Coinbase Institutional predict that current conditions could pave the way for an altcoin season to begin in September this year.
Which ETFs are expected next?
After more than 19 months of trading Bitcoin ETFs and nearly 13 months of Ethereum ETFs, the market is continuing to move toward ETFs for Solana, XRP, and even memecoins.
The U.S. Securities and Exchange Commission (SEC) has just postponed the review of several important applications such as the Truth Social Bitcoin-Ethereum ETF, Solana products from 21Shares and Bitwise, and the Core XRP Trust fund from 21Shares. This indicates that the approval for more diverse altcoin ETFs will take time.
Why do experts have differing opinions on altcoin season?
Bitfinex predicts that the altseason will arrive by the end of the year, while David Duong predicts a high likelihood of an explosion in September. Analyst Michaël van de Poppe sees this as an opportunity to adjust positions, especially in Ethereum and other altcoins ahead of Q4.
Eric Balchunas, Bloomberg's ETF expert, also predicts a new trend with actively managed cryptocurrency ETFs, and there could even be a memecoin-only ETF emerging in 2026, creating a new wave of investment.
“Integrating ETFs will help create continuous capital flow, independent of price volatility, and this is crucial for altcoins to attract institutional money.”
– Bitfinex, Cryptocurrency Market Report, 2024
“An altcoin season could begin as early as September if market conditions are favorable, marking a new phase for more diversified investment.”
– David Duong, Head of Research at Coinbase Institutional, 2024
Frequently Asked Questions
What is the Altcoin Season Index?
This index measures the strength of altcoins compared to Bitcoin, with a threshold of 75 considered a sign of the official arrival of altcoin season.
Why are cryptocurrency ETFs important for altcoins?
ETFs help investors access altcoins easily and safely, attracting institutional capital and maintaining stable demand in the market.
When is altseason expected to start?
Expert opinions are divided, with forecasts ranging from September 2024 or the end of the year depending on the development of ETF products.
What impact does the SEC have on altcoin ETFs?
The SEC regulates the approval of ETF funds, so their decisions directly affect the speed and scale of altcoin ETFs.
What is a memecoin ETF?
This is an ETF fund focused on meme cryptocurrencies, expected to potentially appear in 2026, expanding investment choices for investors.
Source: https://tintucbitcoin.com/altcoin-bung-no-nho-etf-solana-xrp/
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