Golden Finance reported that Matrixport released today’s chart saying that in 2024, Ethereum’s performance was unsatisfactory. Its weak performance obviously began after the launch of the Ethereum ETF, and capital inflows were far lower than market expectations. At the same time, on July 31, 2024, Senator Loomis introduced the Bitcoin Bill, proposing to position Bitcoin 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 lack of clear application scenarios may be one of the core reasons for Ethereum’s poor performance. Going forward, ETF issuers may need to take on the responsibility of creating and promoting a more compelling narrative for Ethereum in 2025. Without additional support and market positioning, Ethereum alone may not be able to bridge the gap with Bitcoin.