Bloomberg analyst says altcoin ETF approvals unlikely to trigger a traditional alt season

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Bloomberg ETF analyst James Seyffart 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.

During a Sept. 4 interview with Milk Road, Seyffart said digital asset treasury companies (DATCO) have generated massive returns while individual altcoins remain relatively subdued compared to previous cycles.

He added:

“I think this is the alt season. This has been the alt season. These DATCOs, I mean, they’ve been on absolute fire.”

Further, the SEC’s new framework for cryptocurrency ETFs positions approximately ten assets for immediate approval, including Dogecoin, Chainlink, Stellar, Bitcoin Cash, Avalanche, Litecoin, Shiba Inu, Polkadot, Solana, and Hedera.

Additional tokens, like Cardano and XRP, could qualify within months once futures contracts reach the six-...

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