Altcoins may not see significant gains until the approval of new crypto ETF products that extend beyond Bitcoin and Ethereum, according to a fresh markets report by Bitfinex analysts. While Bitcoin’s dominance has already slipped by 6% over the past month, analysts remain cautious, suggesting that a broader altcoin rally is unlikely in the near term. The report highlights that the present state of the crypto market reflects “a softer appetite for risk at this stage of the cycle.” Despite positive inflows into digital assets, Bitfinex notes that the pace is subdued compared with the sharp surges seen during previous all-time highs. Investors appear more careful this time around, avoiding aggressive positioning. Current Market Conditions Remain Restrained Bitfinex analysts explained that they do not expect a “rising tide lifts all boats” moment until Bitcoin ETFs attract stronger inflows again and new investment products tailored for altcoins enter the market. These products, they argue, could create “sustained, price-agnostic demand” and establish the foundation for a broader revaluation across altcoins. However, not all experts share this restrained outlook. Coinbase Institutional’s global head of research, David Duong, recently suggested that market conditions may soon tilt in favor of a full-scale altcoin season, possibly emerging as early as September. Speculation Over Next Wave of ETF Approvals Much of the industry’s focus has shifted toward the regulatory landscape for crypto ETFs. Spot Bitcoin ETFs have now been trading for over 19 months since their approval in January 2024, while spot Ether ETFs marked their first year in July 2025. The attention is now on which products the U.S. Securities and Exchange Commission (SEC) might approve next. The SEC has recently postponed decisions on a range of applications, including a Bitcoin-Ethereum hybrid ETF from Truth Social, Solana funds proposed by 21Shares and Bitwise, and 21Shares’ Core XRP Trust. These delays have fueled debate on how quickly altcoin-focused ETFs will make it to market and what impact they might have once launched. Bloomberg ETF analyst Eric Balchunas has gone a step further, predicting that active crypto ETFs will expand in the coming years, even suggesting that a memecoin-only ETF product could debut as soon as 2026. While such a product might seem unconventional, he noted that the market’s appetite for experimentation makes it a realistic possibility. The post Bitfinex Analysts Say Altseason May Depend on Crypto ETF Expansion appeared first on TheCoinrise.com .
