The crypto industry is eagerly awaiting an altcoin season, but the anticipated rally remains uncertain. According to a Bitfinex report, significant influences on the market are tied to the expected launch of new ETFs.
Delays in ETF Launch and Market Impact
Bitfinex analysts indicate that altcoins are unlikely to show a sustained market rally without the launch of new ETFs. While liquidity flows are present, larger capital rotations are not expected soon. These expectations are associated with the launch of altcoin ETFs currently under regulatory review.
Predictions of Altcoin ETF Approval
Industry optimism regarding the approval of altcoin ETFs is high. Some experts suggest a 95% chance of approval for funds like SOL, XRP, and LTC. Meanwhile, Cardano, Polkadot, and other altcoins are seen at 90%. Leadership changes in the SEC may also influence decisions on applications.
Optimism and Expectations in the Crypto Industry
Recent amendments to applications suggest positive prospects for ETF approval. The crypto industry expects successful fund approvals to trigger the long-awaited altcoin season and attract additional investments.
The state of the altcoin season relies on ETF approvals, which may take longer than expected. High expectations within the industry remain.
