ChainCatcher message, 21.co strategy analyst Tom Wan stated that the current market capitalization ratio of BTC to ETH is 4.5:1, while the AUM (Assets Under Management) ratio of ETFs is as high as 9:1. BTC ETF holdings account for 5.9% of the total supply, while ETH ETF is only 2.9%, indicating that there is still significant growth potential for ETH ETFs, which may catch up by 2025 and could drive up ETH prices.