ETH Surges as Institutional Investors Ignite New Altcoin Season with Record Open Interest and ETF Optimism

Key Points

1. Altcoin season indicators have surpassed the 50 mark, reaching levels not seen since December last year, driven by regulatory clarity from the GENIUS Act.

2. ETH, SOL, XRP, and ADA are gaining traction as institutional investors diversify their portfolios, similar to Bitcoin's role in financial allocations.

3. Anticipated SEC approval of ETH spot ETFs could shift capital from BTC ETFs to ETH, further boosting its market potential.

4. ETH spot ETFs have already shown stronger daily net inflows compared to BTC, and bullish sentiment is evident in ETH options markets, especially for Q4 expirations.

5. Market dominance metrics indicate BTC's share has dropped from 64% to 60%, while ETH's has risen from 9.7% to 11.6%, reinforcing the altcoin season trend.