From Nasdaq:

1. Altcoin Market Recap: Chainlink, Filecoin, and Near Protocol Experience Losses – Chainlink dropped 9%, Filecoin 5%, and Near Protocol over 3% this week, amidst a period of adjustment following the launch of spot Bitcoin exchange-traded funds (ETFs).

2. Spot Bitcoin ETFs Steal the Spotlight – Since the debut of spot Bitcoin ETFs, the majority of investment focus has shifted towards Bitcoin, causing altcoin prices to fall. However, the market is showing signs of stabilization, with the potential for other non-Bitcoin spot ETFs being approved in the near future.

3. The Inevitable Spot Altcoin ETFs – Despite the spotlight on Bitcoin, the craving for spot crypto ETFs remains strong, with market demand likely leading to the introduction of altcoin spot ETF products. This could be an opportunity for investors to consider bargain-hunting for assets like Chainlink, Filecoin, and Near Protocol.



Read more: Why Altcoins Like Chainlink and Filecoin Slumped This Week