According to market analysts, as the next wave of cryptocurrency exchange-traded funds (ETFs) launches in the United States, institutional investors may turn their attention to altcoins.
Despite the ongoing government shutdown in the U.S. hindering progress, the Securities and Exchange Commission (SEC) received at least five new altcoin ETF applications in the first half of October.
Leon Waidmann, head of research at Web3 analytics firm Onchain, stated that each approval could "open the door for the next wave of institutional buying."
Waidmann told Cointelegraph, "The inflow of funds into altcoin ETFs is the inevitable next step after Bitcoin and Ethereum ETFs have proven institutional demand. This is the conversion of regulatory confidence into capital flow."
According to data aggregator SosoValue, the spot Ethereum (ETH) ETF attracted $9.6 billion in inflows in the third quarter of 2025, surpassing the $8.7 billion inflow of the spot Bitcoin (BTC) ETF.
This shift indicates a growing demand among institutions for exposure to alternative cryptocurrencies.
Waidmann noted that this trend could see altcoin ETFs catalyzing the next wave of institutional altcoin adoption, serving as new regulated instruments that lead to sustained inflows over the years.
The industry's most successful traders, tracked as "smart money" on the Nansen blockchain intelligence platform, are also preparing for the approval of altcoin ETFs.
Nansen data shows that on Thursday, Uniswap (UNI), Aave (AAVE), and Chainlink (LINK) were the three tokens most held by smart money traders.
However, some analysts are concerned that BlackRock's absence from the altcoin ETF space could lead to limited overall inflows, as BlackRock's Bitcoin ETF has accumulated $28.1 billion in investments so far in 2025, making it the only fund to record positive inflows year-to-date (YTD).
According to K33 research director Vetle Lunde, without BlackRock's fund, the spot Bitcoin ETF has seen a cumulative net outflow of $1.27 billion year-to-date.
The researcher explained that based on the dynamics observed in Bitcoin ETF investments, BlackRock's absence from the altcoin ETF wave could limit cumulative inflows and its potential driving effect on the underlying tokens.
Related: Reports suggest that a Nordic bank, which once rejected cryptocurrencies, is about to launch a Bitcoin (BTC) ETP.
Original article: “After Bitcoin (BTC) and Ethereum (ETH), Analysts Optimistic About Altcoin ETFs Driving Next Wave of Institutional Adoption”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
