Citigroup: The "Copycat Season" will arrive in 2025

ChainCatcher news, according to a report by Citigroup analysts on Monday, suggests that given Ethereum is the only major cryptocurrency approved as a spot ETF base (besides Bitcoin), it may be a rotation target. The performance of other cryptocurrencies and altcoins is even more significant, indicating that some market participants expect a "altcoin season" in 2025 following a strong year for Bitcoin.

Citigroup analysts stated that new policy support will help solidify the legitimacy of altcoins in the market, potentially driving up prices. Bitcoin is classified as a commodity and already has traditional financial trading tools like spot ETFs and futures. In contrast, the definitions of other crypto assets are more uncertain, and the range of investment options is more limited.

Analysts added that further policy support will provide a significant boost for altcoins compared to Bitcoin.