According to BlockBeats, on January 1, Matrixport shared market insights on its social platform, stating:
In 2024, Ethereum's performance has been disappointing, with its weak performance clearly beginning after the launch of the Ethereum ETF, as inflows fell far below market expectations. Meanwhile, on July 31, 2024, Senator Lummis proposed a Bitcoin bill, suggesting that Bitcoin be positioned as a strategic reserve asset.
In contrast, Bitcoin has successfully established itself as 'digital gold' and a potential reserve asset, while Ethereum lacks a similarly compelling narrative among traditional finance (TradFi) investors. The lack of clear use cases may be one of the core reasons for Ethereum's underperformance.
Looking ahead, ETF issuers may need to take on the responsibility of creating and promoting a more compelling narrative for Ethereum in 2025. Without additional support and market positioning, Ethereum alone may struggle to close the gap with Bitcoin.
