According to ChainCatcher, Matrixport shared market insights on its social platform, stating:
In 2024, Ethereum's performance has been disappointing, with a clear downturn beginning after the launch of the Ethereum ETF, as fund inflows have fallen 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 absence of clear use cases may be one of the core reasons for Ethereum's underperformance.
Looking to the future, ETF issuers may need to take on the responsibility of creating and promoting a more compelling narrative for Ethereum by 2025. Without additional support and market positioning, it is unlikely that Ethereum alone can bridge the gap with Bitcoin.
