Don’t clown me too hard by saying there isn’t going to be an alt season. It’s not impossible, it’s not that it can’t happen. But what needs to happen first, bitcoin needs to break all time highs, we may be entering a bear market after the trade war has started, we simply do not know yet.

However, potential catalysts for an alt season would be retail. Now many argue that retail has not existed in this bull market and never will, it’s true that retail isn’t part of this cycle in the same way as 2020 because of stimulus checks. But it’s not that retail is absent, Bitcoin ETFs are retail exposure to this market and they are currently growing faster than SPX and QQQ did during its inception in terms of inflows. So how do we get retail exposure to alt coins? ETFs. So my question is, does anyone have a schedule for the ETF approvals? Because I thought a bunch were supposed to be accepted this month but I know that has changed with the shutdown, so whats the current status. I was always expecting a Santa rally in anticipation to october and november etf approvals.

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