Odaily Planet Daily News Matrixport released a chart today indicating that Ethereum's performance in 2024 is underwhelming, with its weak performance clearly beginning after the launch of the Ethereum ETF, and the inflow of funds falling far below market expectations. Meanwhile, on July 31, 2024, Senator Lummis proposed a Bitcoin bill recommending 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 poor performance. 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 may struggle to bridge the gap with Bitcoin.

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