Bitfinex Alpha: Altcoin season only with regulatory approval of various crypto ETFs beyond BTC and ETH

Bitfinex Alpha: Altcoin season only with regulatory approval of various crypto ETFs beyond BTC and ETH

Bitfinex Alpha: No Altseason without regulatory approvals for various crypto ETFs

In the world of cryptocurrencies, the term "alt season" is often talked about, which describes the period in which altcoins increase disproportionately in value, while Bitcoin and Ethereum stagnate or only grow moderately. However, according to current estimates from Bitfinex Alpha, major price increases in altcoins are not expected until a wider range of crypto ETFs are approved by regulators.

The Altcoin Season Index currently stands at 45, which shows that the market is in a neutral phase. This means that neither Bitcoin nor altcoins are clearly dominant, which could typically be an indicator of the upcoming altseason. Bitfinex Alpha argues that the introduction of diverse crypto ETFs beyond the traditional Bitcoin and Ethereum ETFs will play a crucial role in a potential altcoin season.

The regulatory framework for crypto ETFs is still evolving, and pending approvals, the potential for an altseason remains limited. Many investors and market participants are eagerly awaiting developments in this area, as greater adoption and legitimate investment opportunities in the form of ETFs could significantly stimulate the market.

In summary, Bitfinex Alpha shares the opinions of many market observers: without the approval of various crypto ETFs by regulators, the potential of altcoins could remain untapped for some time. The result is a wait-and-see attitude among investors and an uncertain market sentiment for altcoins in the near future.