Bloomberg ETF analyst @JSeyff argues the current market represents an altcoin season through digital asset treasury companies rather than traditional token price rallies, with upcoming ETF approvals unlikely to replicate Bitcoin’s institutional success.
Seyffart said digital asset treasury companies (DATCO) have generated massive returns while individual altcoins remain relatively subdued compared to previous cycles.
Further, the SEC’s new framework for cryptocurrency ETFs positions approximately ten assets for immediate approval, including @dogecoin, @chainlink, @StellarOrg, Bitcoin Cash, @avax, @litecoin, Shiba Inu, @Polkadot, @solana, and @hedera.
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