#LTC&XRPETFsNext?
Some investors are still skeptical about the current cycle triggering an altcoin season even though the season reportedly started in February in previous years, including 2021 and 2017.
YouTuber and crypto and X-Stock analyst Mathew Hyland is still skeptical, pointing to the poor performance of altcoins this month. Hyland commented on the latest crypto liquidation earlier in the month, saying it was the largest since the 2022 crypto winter. The analyst speculated that most altcoins would wait about 2 months before recovering to the highs seen in December.
The Glassnode co-founder also warned investors in December that the altcoin season may be over. The co-founder mentioned altcoins losing their critical support levels while BTC dominance increased, adding that altcoins may recover if BTC surpasses $100,000.
CoinMarketCap’s Altcoin Season Index is currently at 41, indicating that the market is not yet nearing an altcoin season.
Altcoin ETF filings to surge in 2025
Predictions…
There will be several spot crypto ETF filings this week.
XRP, SOL, ADA, etc.
Assume some issuers are very prepared for the election outcome.
There’s no downside to being aggressive now.
— Nate Geraci (@NateGeraci) November 11, 2024
ETFStore cofounder and president Nate Geraci predicted in November last year that there would be several ETF approvals for altcoin-based products. Geraci speculated that the commission might accept applications for Cardano, Solana, and XRP ETFs.
The ETFStore president’s prediction aligns with Bloomberg analyst Eric Balchunas, who believes that ETFs for HBAR, LTC, XRP, and SOL could be coming soon under the new administration.
JPMorgan Chase also predicted that the batch of ETFs filed with the US SEC will increase the flow of funds into crypto. The Wall Street bank speculated that these investment products would attract more than $14 billion. JPMorgan Chase suggests that a SOL ETF could introduce more than $6 billion into crypto, while an XRP ETF could introduce more than $8 billion