Альтсезон: присутствие институциональных инвесторов меняет правила игры на рынке Translation: Altseason: The Presence of Institutional Investors Changes the Rules of the Game in the Market

The current market is experiencing a phase of altcoin season, but exclusively for those coins that major firms have added to their reserves. This viewpoint was shared by Bloomberg’s exchange analyst, James Seyffart, in an interview with Milk Road.

He noted that companies specializing in treasury investments in digital assets (DATCO) have seen substantial profits, whereas individual altcoins remain relatively weak compared to previous cycles.

«I believe we are in the midst of altseason. […] In that sense, these DATCOs are thriving,» Seyffart emphasized.

Another possible catalyst he identified is the approval of crypto ETF applications in the U.S. Approximately ten assets, including Dogecoin, Chainlink, Stellar, Bitcoin Cash, Avalanche, Litecoin, Shiba Inu, Polkadot, Solana, and Hedera, are awaiting authorization from the SEC to be included in exchange-traded funds.

However, the analyst holds more tempered expectations regarding demand for altcoin ETFs compared to products based on the leading cryptocurrency:

“Will there be the same level of interest as with the launch of Bitcoin funds? Absolutely not.»

In his view, a basket of products that includes multiple cryptocurrencies will attract significantly more institutional capital than ETFs focused on individual assets. Seyffart clarified that investment advisors prefer diversification over concentrated positions in single assets.

Moreover, the expert expressed doubts about the likelihood of traditional altseason patterns reoccurring, as market movements are now primarily dictated by institutional players. This structural shift could permanently alter the growth dynamics of cryptocurrencies.

It’s worth noting that in August, analysts from Bitfinex stated that the altcoin season would not commence until new cryptocurrency exchange-traded funds are approved.