Bitcoin’s strong position in the cryptocurrency market has led to a delay in the typical altcoin season. Despite achieving new highs, Bitcoin’s dominance prevents the expected shift to riskier, high-reward assets like Ethereum and others. This phenomenon is attributed to institutional investors focusing on stable cryptocurrencies like Bitcoin. The traditional pattern of capital flowing into altcoins after halving events has been disrupted by the growing influence of these large players. Bitcoin ETFs play a key role in this trend as they provide a regulated method for institutions to gain exposure to BTC, limiting their capital movement towards altcoins. While a broad altcoin season might be delayed, Ethereum’s potential for ETF approval could trigger a more selective rally. This would primarily benefit established and well-funded projects with real-world applications.