Altseason on Hold? Bitfinex Says Crypto ETFs Are the Key
When will the long-awaited altseason begin? According to analysts at Bitfinex, the answer may not lie in Bitcoin dominance or historical charts—but in the launch of more crypto ETFs.
Why ETFs Could Unlock Altseason
Bitfinex analysts believe that a “rising tide lifts all boats” scenario won’t happen until later this year, once new investment vehicles—such as altcoin-focused ETFs—hit the market. These products are expected to generate price-agnostic demand, meaning they could drive steady inflows and create the perfect conditions for a broad altcoin rally.
> “Until we see ETFs beyond Bitcoin and Ethereum, don’t expect a full-scale altseason,” Bitfinex noted in its latest market report.
Current Market: Muted and Cautious
Despite some capital inflows, the crypto market is showing a soft appetite for risk. Unlike previous bull runs marked by aggressive demand, today’s investor base seems far more cautious.
Bitcoin dominance has dropped 6% in the past 30 days, now sitting at 58.58%, but that hasn’t been enough to ignite altcoin fireworks.
Speculation Over Next ETF Approvals
The ETF conversation is heating up:
Spot Bitcoin ETFs have been around since January 2024 (19 months).
Spot Ether ETFs launched in July 2024 (13 months).
Now, the big question is: Which altcoin ETF will come next?
Pending applications include:
Solana (SOL) ETFs by 21Shares and Bitwise
XRP-focused products
Truth Social’s Bitcoin-Ethereum combo ETF
ETF analyst Eric Balchunas even hinted that an active memecoin ETF might arrive by 2026. Imagine that!
Altcoin Season Index Check
The Altcoin Season Index currently sits at 46/100—far from confirming an altseason. Until more ETFs are approved, we might remain in this waiting phase.
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✅ Takeaway
The altseason everyone is waiting for may not arrive until the ETF floodgates open. Until then, cautious optimism and strategic positioning seem to be the name of the game.
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