PANews January 1 report, Matrixport stated that Ethereum's performance in 2024 has been unsatisfactory, with its weak performance clearly beginning after the launch of the Ethereum ETF, as capital inflows have been far below market expectations. Meanwhile, on July 31, 2024, Senator Loomis 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 application scenarios 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 attractive narrative for Ethereum in 2025. Without additional support and market positioning, relying solely on Ethereum itself is unlikely to bridge the gap with Bitcoin.
