Altcoin Season May Hinge On More Crypto ETFs: Analysts
Altcoins may not see a broad, outsized rally until the approval of crypto ETFs that give investors exposure further down the risk curve, according to analysts from Bitfinex.
Crypto market participants have eagerly awaited an altcoin market rally, or “altseason,” as Bitcoin (BTC) dominance dipped 6% over the past 30 days.
However, Bitfinex analysts said in a markets report on Monday they don’t anticipate a “‘rising tide lifts all boats’ environment” until later in the year when inflows into Bitcoin products regain momentum and new investment vehicles for altcoins are introduced.”
“These products are likely to generate sustained, price-agnostic…
