CoinVoice has recently learned that Matrixport shared market insights on its social platform, stating:
In 2024, Ethereum's performance was disappointing, with its weak performance clearly starting after the launch of the Ethereum ETF, where inflows fell far short of 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 ahead, 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 will be difficult to bridge the gap with Bitcoin relying solely on Ethereum itself. [Original link]
