[Bloomberg Analyst: Approval of Altcoin ETFs Unlikely to Trigger Traditional Altcoin Market Rally] On September 5, Bloomberg Exchange-Traded Fund (ETF) analyst James Seyffart stated that the current market is experiencing an altcoin rally driven by digital asset financial companies (DATCO) rather than the traditional rise in token prices. Seyffart pointed out that institutional investors are more inclined to choose multi-cryptocurrency portfolio products rather than single altcoin ETFs. Currently, cryptocurrency basket products from Grayscale and Bitwise are awaiting approval from the U.S. Securities and Exchange Commission (SEC). Among them, Bitwise's product includes 10 crypto assets, while Grayscale's product comprises 5 market-cap-weighted cryptocurrencies. He emphasized that institutional funds prefer gaining cryptocurrency exposure through regulated products rather than directly holding tokens. This structural shift could permanently alter the pattern of altcoin price increases.