Wall Street has given altcoins the green light, but has the party really started?

Several altcoin ETFs have been listed one after another, with SOL, XRP, HBAR, and even LTC all securing tickets to compete alongside traditional financial products. Sounds great, but here’s the catch—having a ticket doesn’t mean there will be buyers, and it certainly doesn’t guarantee that the money will stay at the table.

Looking at ETH’s earlier path, it did pave the way. Now it’s the turn of these altcoins, but market reactions are mixed. To put it nicely, each has its own merits; to put it bluntly, the heat is uneven.

The data is interesting, though. SOL’s performance has been steady, with consecutive days of positive net inflows peaking at $60-70 million in a single day, and total net assets have already surpassed the $700 million mark. What’s more important is that even with some price pullback, there hasn’t been a significant drop in capital inflows.

But here’s the fatal question: how long can this early momentum last?

Institutional capital has limited patience. If price performance and inflows don’t align, the exit might be faster than the entry. ETF products can definitely bring incremental liquidity, but they might just offer idle money a new short-term trading target.

So will altcoin season come? Maybe, but not just because there are a few more ETF products. The market hasn’t fully switched to a risk-on mode. A real bull market needs sustained buying and consensus, not just a few licenses handed out by Wall Street.