CoinVoice has recently learned that Matrixport shared market insights on its social platform stating:
In 2024, Ethereum's performance has been disappointing, with its weak performance clearly beginning after the launch of the Ethereum ETF, as capital inflows fell 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 its position as 'digital gold' and a potential reserve asset, while Ethereum lacks a similarly strong and appealing narrative among traditional finance (TradFi) investors. The lack of clear application scenarios 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 may be difficult to close the gap with Bitcoin relying solely on Ethereum itself. [Original link]
