Ethereum's Potential As A Spot ETF Foundation Highlighted By Analysts

According to BlockBeats, on January 9, Citigroup analysts indicated in a report that Ethereum, being the only major cryptocurrency besides Bitcoin approved as a foundation for a spot ETF, could become a focal point for market rotation. The performance of other cryptocurrencies and altcoins is also noteworthy, suggesting that some market participants anticipate an 'altcoin season' in 2025 following a strong year for Bitcoin. The analysts noted that new policy support could enhance the legitimacy of altcoins in the market, potentially driving up their prices. While Bitcoin is classified as a commodity and already has spot ETFs and futures as 'traditional finance' trading tools, the definition of other crypto assets remains less clear, and the range of investment options is more limited. They further added that compared to Bitcoin, additional policy support could provide significant momentum for altcoins.