Matrixport: Ethereum may need ETF issuers to create a more attractive narrative to boost prices in 2025

According to a chart released today by Matrixport, Ethereum's performance is disappointing in 2024, with its weakness evident since the launch of the Ethereum ETF, with funds flowing far below market expectations. Meanwhile, on July 31, 2024, Senator Lummis proposed a Bitcoin bill, suggesting that Bitcoin be designated 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 attractive narrative among traditional finance (TradFi) investors. The lack 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 attractive narrative for Ethereum in 2025. Without additional support and market positioning, it may be difficult for Ethereum to bridge the gap with Bitcoin on its own.