Ethereum ETF approved, don’t hold your breath for altcoin ETFs
Despite the Ethereum ETF approval, it is highly unlikely that other altcoin ETFs will receive significant approval any time soon.
JinseFinanceDespite the Ethereum ETF approval, it is highly unlikely that other altcoin ETFs will receive significant approval any time soon.
JinseFinanceCrypto market, altcoins, what is the future of altcoins? Will it get worse? Golden Finance, maybe buying Bitcoin is the best choice.
JinseFinance10X Research further elaborated on this point in a newsletter.
JinseFinanceIn the next six months, the scale of altcoin unlocking will reach US$20 billion, and nearly US$6 billion of new tokens will be issued every month.
JinseFinanceCryptocurrency market analysts believe that the decline in altcoins may be related to the recent large outflows from spot Bitcoin ETFs.
JinseFinanceAfter the “shock” of the past four months, the altcoin market may present “some opportunities” for investors.
JinseFinanceWhat would the passage of an Ethereum ETF mean for your favorite altcoins? Some altcoins would clearly benefit, but some, like Solana, would likely suffer.
JinseFinanceAnalysts say the sideways movement in the Bitcoin dominance chart could be a reversal signal that could kick off the entire altcoin season.
JinseFinanceTodd Groth, director of research at CoinDesk Indices, said the rise of Bitcoin and Ethereum and more favorable macro conditions could be good news for altcoins this year.
JinseFinanceThe Solana and Avalanche ecosystems have seen near-parabolic growth as Bitcoin dominance has declined slightly. Is it altcoin season?
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