What’s an ‘AltAlt Season’ Crypto ETF? Perplexing Proposed Fund Skips Bitcoin and Ethereum

In brief

  • Tidal Financial Group applied for a leveraged AltAlt Season Crypto ETF, along with two other filings on Thursday.
  • The proposed fund confounded even some of the fund industry’s sharpest observers unsure what an “alt alt season” was.
  • The fund will relate initially to the performance of XRP and Solana, and exclude Bitcoin and Ethereum.

Issuers of crypto funds have grown increasingly creative in their proposals over the past few months as they seek to meet investors growing appetite for these products.

But an “AltAlt Season” exchange-traded fund? That’s new territory.

Tidal Financial Group’s Quantify 2X Daily AltAlt Season Crypto ETF, one of three funds included in an application to the U.S. Securities and Exchange Commission on…

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