According to TechFlow, Matrixport shared its market views on the X social platform:
“In 2024, Ethereum’s performance was not satisfactory, and its weak performance clearly began after the launch of the Ethereum ETF, with capital inflows far below market expectations. At the same time, on July 31, 2024, Senator Loomis introduced the Bitcoin Act, proposing to position Bitcoin as a strategic reserve asset.
In contrast, Bitcoin has successfully established its status as "digital gold" and a potential reserve asset, while Ethereum lacks a similarly strong and attractive narrative among traditional financial (TradFi) investors. The lack of a clear application scenario may be one of the core reasons for Ethereum's poor performance.
Looking ahead, ETF issuers may need to take responsibility for creating and promoting a more attractive narrative for Ethereum in 2025. Without additional support and market positioning, Ethereum alone may find it difficult to bridge the gap with Bitcoin. "
