- 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 crypto-related stocks like Robinhood and Coinbase, which are performing better and seen as safer.
Related: Is the SEC Clearing a Path for a Solana (SOL) Spot ETP?
Despite the dull market, Ran said that Bitcoin could hit a new all-time high in July and an interest rate cut by the U.S.Federal Reserve could push Bitcoin higher. An important date to watch is July 9, when new tariff decisions are expected.
Where Should You Invest in Such a Market?
Ran advises sticking to a focused investment plan during these uncertain times:
Focus on Layer 1 Blockchains (L1s): Layer 1s are the foundational platforms where digital value is created and secured. As more assets move on-chain, blockchains like Ethereum, Solana, and Bitcoin stand to benefit the most.
Suggested allocation: 80–90% of your crypto portfolio.
Related: From ETFs to New Tech, These Four Altcoins Have Major Catalysts Lined Up
Smaller Bets on DeFi Protocols: The remaining 10–20% can be placed in DeFi projects, particularly lending and borrowing platforms. As tokenized assets like stocks start moving on-chain, users will need DeFi services to use these as collateral. The analyst said that this area could grow quickly with wider adoption.
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Source: https://coinedition.com/grayscale-etf-launch-but-altcoin-market-stall/