CoinVoice has learned that according to a report by Citi analysts on Monday, given that Ethereum is the only major cryptocurrency (aside from Bitcoin) approved as a spot ETF underlying asset, it may be a rotation target. The performance of other cryptocurrencies and altcoins is even more meaningful, suggesting that some market participants expect 2025 to usher in an 'altcoin season' following Bitcoin's strong year.
Citi analysts say that new policy support will help consolidate the legitimacy of altcoins in the market and may drive up prices. Bitcoin is classified as a commodity and has traditional financial trading tools such as spot ETFs and futures. In contrast, the definitions of other crypto assets are less certain, and the range of investment options is more limited.
Analysts added that further policy support would provide a significant boost for altcoins compared to Bitcoin. [Original link]
