Bloomberg analyst says corporate-led altseason is already here

An altseason is already underway, but unlike previous cycles, it is being led by corporations, according to Bloomberg ETF analyst James Seyffart. CryptoSlate reported that Seyffart stated numerous firms are now investing in altcoins, with several altcoin ETFs also awaiting regulatory approval. However, he cautioned that these ETFs are unlikely to generate the same market reaction as their Bitcoin counterparts. Seyffart also predicted that basket ETFs containing multiple altcoins would likely be more popular than funds tracking individual altcoins.