PANews January 10 news, according to Jinshi reported, Citigroup analysts stated in a report on Monday that given Ethereum is the only major cryptocurrency approved as the basis for a spot ETF (other than Bitcoin), it may be a rotation target. Other cryptocurrencies have performed even better, and their share in the overall cryptocurrency market capitalization is also increasing. Citigroup added that respondents in a recent survey believe that in 2025, altcoins will perform particularly well. Analysts stated: 'The performance of other cryptocurrencies and altcoins is even more significant, indicating that some market participants expect that after a strong year for Bitcoin, 2025 will usher in a 'altcoin season.'
Citigroup analysts stated that the new policy support will help consolidate the legitimacy of altcoins in the market, potentially driving up prices; Bitcoin is classified as a commodity, and there are already 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 to Bitcoin, further policy support will provide a huge boost for altcoins.