Analyst Sees Altcoin Season Ahead After SEC Approves XRP and DOGE ETFs

Bitcoin has remained steady at $97,000 over the past 24 hours, showing little movement while altcoins experience volatility.

The SEC’s approval of 19b-4 applications for Grayscale’s XRP and Dogecoin ETFs has sparked price increases, with XRP surging 12% and DOGE climbing 5%.

Analyst Valentin Fournier from BRN told CoinDesk that Bitcoin and altcoins are gaining bullish momentum, driven by regulatory developments and improving market conditions.

He highlighted that the SEC is now reviewing altcoin ETFs beyond XRP and DOGE, including Solana and Litecoin. If these products receive final approval, institutional access to altcoins could expand significantly, bringing more liquidity into the market. Fournier suggested that this could lay the groundwork for a potential altcoin rally later this year.

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He also addressed the latest U.S. CPI and PPI data, which exceeded expectations, yet Bitcoin remained stable. According to him, BTC’s resilience in the face of inflation and clearer regulatory direction signals the possibility of a strong breakout in the coming weeks.

He maintains a bullish stance, advising investors to keep substantial exposure to digital assets, balancing Bitcoin and Ethereum by market cap.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.