PANews reported on January 10 that according to Jinshi, Citi analysts said in a report on Monday that given that Ethereum is the only major cryptocurrency approved as the basis for a spot ETF (besides Bitcoin), it may be a rotation target. Other cryptocurrencies have performed even better, and their share of the overall market value of cryptocurrencies is also growing. Citibank added that respondents to a recent survey believe that altcoins will perform particularly well in 2025. "Other cryptocurrencies and altcoins have performed even more meaningfully, suggesting that some market participants expect a 'altcoin season' in 2025 after a strong year for Bitcoin," analysts said.
Citi analysts said that the new policy support will help consolidate the legitimacy of altcoins in the market and may push up prices; Bitcoin is classified as a commodity and already has traditional financial trading tools such as spot ETFs and futures; in contrast, the definition of other crypto assets is more uncertain and the range of investment options is more limited; compared with Bitcoin, further policy support will provide a huge boost to altcoins.
