Grayscale ETF Approved, But Altcoins Stall: What’s Holding Them Back?
- Altcoins remain stuck even after SEC approves new Grayscale crypto ETF.
- Traditional assets like gold, silver, and stocks are hitting record highs.
- Big investors prefer crypto stocks over altcoins.
The crypto market is stuck in one of its most confusing and frustrating phases, says expert Ran Neuner. Even though the U.S. Securities and Exchange Commission (SEC) has officially approved a new Grayscale ETF featuring top cryptocurrencies like Bitcoin, Ethereum, Solana, Cardano, and XRP, prices haven’t moved much, with altcoins suffering the most.
While traditional markets like the S&P 500, gold, and silver are hitting record highs, altcoins remain stuck. Bitcoin is holding near its highs, but smaller tokens can’t gain momentum.
Why Are Altcoins Stuck in Neutral?
One reason highlighted by the expert is that crypto is becoming more controlled as big financial firms like BlackRock move in. The market is now splitting into three parts: major blockchains and DeFi projects attracting serious money, meme coins acting like a casino, and everything else in between.
Another big shift is where the money is going. Instead of altcoins, investors are choosing cryp…
The post Grayscale ETF Approved, But Altcoins Stall: What’s Holding Them Back? appeared first on Coin Edition.
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A Look at the $3 Billion in Altcoin Unlocks Set to Hit the Market in July
Grayscale ETF Approved, But Altcoins Stall: What’s Holding Them Back?
- Altcoins remain stuck even after SEC approves new Grayscale crypto ETF.
- Traditional assets like gold, silver, and stocks are hitting record highs.
- Big investors prefer crypto stocks over altcoins.
The crypto market is stuck in one of its most confusing and frustrating phases, says expert Ran Neuner. Even though the U.S. Securities and Exchange Commission (SEC) has officially approved a new Grayscale ETF featuring top cryptocurrencies like Bitcoin, Ethereum, Solana, Cardano, and XRP, prices haven’t moved much, with altcoins suffering the most.
While traditional markets like the S&P 500, gold, and silver are hitting record highs, altcoins remain stuck. Bitcoin is holding near its highs, but smaller tokens can’t gain momentum.
Why Are Altcoins Stuck in Neutral?
One reason highlighted by the expert is that crypto is becoming more controlled as big financial firms like BlackRock move in. The market is now splitting into three parts: major blockchains and DeFi projects attracting serious money, meme coins acting like a casino, and everything else in between.
Another big shift is where the money is going. Instead of altcoins, investors are choosing cryp…
The post Grayscale ETF Approved, But Altcoins Stall: What’s Holding Them Back? appeared first on Coin Edition.
Read More