Headline24jam.com – Approval for altcoin exchange-traded funds (ETFs) is a potential catalyst for a new altcoin season amid current market conditions. As liquidity falls below $100 billion and Bitcoin (BTC) dominance remains near 60%, the crypto landscape may shift with a recovery led by Ethereum (ETH).
Potensi Altcoin Season Melalui Persetujuan ETF
An analyst from Bloomberg, Eric Balchunas, highlights a growing trend with 155 pending crypto exchange-traded product (ETP) applications tracking 35 different digital assets. Solana (SOL) leads the way with 23 filings, followed by Ripple (XRP) with 20 and Ethereum (ETH) with 10, indicating a preference among traditional finance (TradFi) for diversified crypto index exposure.
Balchunas further notes, “We could easily see over 200 ETFs hit the market in the next year. Total land rush,” suggesting the possibility of an impending surge in altcoin interest.
Tanggapan Analisis tentang ETF Altcoin
Recent anticipation surrounding applications for Spot SOL and XRP ETFs built momentum for a potential approval this October. However, a U.S. government shutdown may disrupt this timeframe.
Nate Geraci from ETF Store expressed caution regarding TradFi’s approach, stating, “There’s no way investors are ready to navigate all of these single tokens. They’re going to take a diversified, shotgun approach to an emerging asset class.” This underscores the likelihood that institutional investors may favor broader indices over individual tokens.
Penurunan Likuiditas dan Arus Masuk
The current market shows signs of recovery in altcoin prices despite a recent sell-off. However, Altcoins Exchange Inflow indicates declining liquidity, falling under $100 billion for the first time since July. This trend historically correlates with Bitcoin price consolidations and altcoin pullbacks, as seen in early 2025 when liquidity halved from $160 billion to below $80 billion and Bitcoin’s price dropped 30%.
While Q2 showed improved liquidity with BTC rising over $126k—benefiting altcoins like Hyperliquid (HYPE)—current conditions could still hinder growth.
Dominasi BTC dan Indeks Altcoin
As BTC dominance hovers below 60%, altcoin investors remain cautious. Should liquidity improve and ETH rally, there is potential for a significant altcoin surge. The Altcoin Season Index presently indicates a neutral stance at 43, suggesting an ongoing BTC season.
In summary, while the landscape appears ripe for an altcoin resurgence with pending ETF approvals and a changing market, institutional strategies and liquidity trends will play pivotal roles in shaping the next phase of the crypto market.
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