Core Insights - The emergence of innovative crypto fund proposals reflects the increasing demand from investors for diverse cryptocurrency products [1][5] - Tidal Financial Group has filed for a unique "AltAlt Season" exchange-traded fund, which aims to capitalize on market trends where mid-sized and smaller altcoins outperform Bitcoin [1][4] - The SEC is currently reviewing over 90 submissions for various leveraged crypto ETFs, indicating a growing interest in this segment [5][6] Fund Details - Tidal's application includes three leveraged funds: Quantify 2X Daily AltAlt Season Crypto ETF, Quantify 2X Daily All Cap Crypto ETF, and Quantify 2X Daily Alt Season Crypto ETF, all targeting risk-tolerant investors [2][3] - The AltAlt fund will initially track the performance of XRP and Solana, while the Alt ETF will include Ethereum, and the All Cap strategy will cover Bitcoin as well [3][4] - These funds are designed to provide two times the daily return of the cryptocurrencies they hold, distinguishing them from traditional ETFs [2][3] Market Context - "Alt seasons" refer to periods when altcoins, particularly Ethereum and others, outperform Bitcoin, while "Alt alt seasons" focus on smaller-cap tokens [4] - The SEC's recent approval of new listing standards for commodity-based trusts has improved the chances of approval for these crypto ETFs, reflecting a more favorable regulatory environment [6]