Matrixport released today's chart saying that in 2024, Ethereum's performance was not satisfactory. Its weak performance obviously began after the launch of the Ethereum ETF, and the inflow of funds was much lower than the market expected. At the same time, on July 31, 2024, Senator Loomis introduced the Bitcoin Bill, proposing to position Bitcoin as a strategic reserve asset. Bitcoin, by contrast, has successfully established itself as "digital gold" and a potential reserve asset, while Ethereum lacks a similarly compelling narrative among traditional financial (TradFi) investors. The lack of a clear application scenario 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 building and promoting a more attractive narrative for Ethereum in 2025. Without additional support and market positioning, Ethereum alone may not be able to bridge the gap with Bitcoin.