PANews reported on January 1 that Matrixport stated that Ethereum's performance in 2024 was unsatisfactory, and its weak performance clearly began after the launch of the Ethereum ETF, with capital inflows far below market expectations. At the same time, on July 31, 2024, Senator Loomis proposed the Bitcoin Act, suggesting that Bitcoin be positioned as a strategic reserve asset. In contrast, Bitcoin has successfully established its status as "digital gold" and a potential reserve asset, while Ethereum lacks a similarly strong and attractive narrative among traditional financial (TradFi) investors. The lack of a clear application scenario 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, Ethereum alone may find it difficult to bridge the gap with Bitcoin.