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Altcoin Volumes Climb as Bitcoin Dominance Falls to 54.3%, Analysts Say Capital Is Rotating Fast
Bitcoin dominance drops to 54.3%, signaling growing capital rotation into altcoins.
Crypto ETFs with altcoin exposure could receive SEC approval by July 2, per Bloomberg analysts.
Ethereum and Solana trading volumes rise as on-chain data shows increased altcoin user activity.
Altcoins are showing growing signs of strength as the broader crypto market prepares for new regulatory shifts and increased institutional participation. Market watchers point to falling Bitcoin dominance, higher altcoin volumes, and potential ETF approvals as drivers for what many expect to be a breakout phase.
ETF Developments Could Accelerate Altcoin Market Growth
According to an analysis prepared by Bloomberg analysts Eric Balchunas and James Seyffart, crypto index ETFs may receive SEC approval by July 2. These ETFs are expected to include a range of altcoins, providing broader investor access and diversification. Solana is considered a top candidate, along with staking-based Ether products.
Source: EricBalchunas(X)
Fund issuers such as Grayscale and Bitwise have submitted applications to the SEC to launch cryptocurrency basket products. The likelihood of approval is currently estimated at 90% by Bloomberg analysts. The SEC is also reviewing additional filings tied to XRP and Solana ETFs, with further decisions expected later in 2025.
ETF Store President Nate Geraci commented that the SEC could be preparing to “open the floodgates on crypto ETFs.” He noted this would be the last step before major brokerages offer direct spot crypto trading. This could provide easier access to altcoins for a wide base of retail and institutional investors.
Bitcoin Dominance Drop Fuels Altcoin Activity
Bitcoin dominance stood at 54.3% as of June 11, 2025, per CoinMarketCap. According to an observation by analyst Crypto Rover, Bitcoin’s market share is falling, which has historically preceded altcoin surges
Source: CryptoRover(X)
A dominance decline often means capital is moving into altcoins. Data from CoinGecko shows ETH/BTC trading volume jumped 12% to $1.8 billion on the same day. SOL/BTC volume also climbed by 9%
On-chain analytics from Glassnode revealed Ethereum’s daily active addresses rose by 4.5%, while Bitcoin’s fell by 3.2%. This suggests increased user engagement in the altcoin ecosystem.
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