Many ETH Holders, including me, often give themselves a psychological massage, Dont forget, currently the only asset that has passed the ETF is ETH besides BTC. Everyone has seen the power of BTC after passing the ETF, so they will always have expectations for ETH, but at the same time, everyone is wondering why the performance of ETH ETF is so poor compared to BTC after it is passed. I think there are two main reasons. 1. The first reason is already a commonplace, that is, Grayscales selling pressure has continued, and the other companies cant take over. BTC just passed and there was also Grayscale selling pressure, but it quickly adjusted. ETH has been bleeding heavily and cant stop, so many people have been waiting for Grayscale to sell and then take off, but they havent waited. But I have communicated with many friends during this period, and after my own analysis, I think this problem is just superficial. 2. Grayscale has a lot of selling pressure, and ETHs purchasing power is weak. The deeper reason for this problem is that if we stand in the perspective of fund managers of various ETF issuers, I think the current situation is that they have no motivation at all, and they have not made any effort to allocate resources to promote ETH ETF to the market and customers, so that Grayscale holders have been selling on paper, while customers of several other issuers have not stimulated enough purchases. BTC has super order-calling kings like Trump and Musk, super big money holders like MicroStrategy, and Microsoft is about to join them, so BTC has extremely strong external forces to fully educate the market and promote funds. As ETF issuers, they can get twice the result with half the effort. Musk and Trump have helped them complete sufficient market education as part-time account managers, and MicroStrategy and Microsoft have helped them to raise their boats. Emotions and funds have been mobilized, and ETF issuers only need to find a way to attract deposits. But ETH, which is also listed through ETF, does not have such external forces compared to BTC. There is no super order king and no super big financier. If you are a fund manager and you are facing such a situation, will you feel excited and blank, and I want to expand my territory and make a big splash? Or will you feel frustrated and think, Did my boss give me a hard time and send me here to open up new land with a hoe? You go to introduce BTC ETF to an American aunt, there is no need to waste words, Musk and Trump have already paved the way for you. But when you go to introduce ETH ETF to an American aunt: Well, now there is a thing called Ethereum, you may not have heard of it, but its awesome. Its an L1, but there are also a bunch of L2s. Dont worry about the difference between 1 and 2. You know Defi, it runs on it, this thing is also amazing. Hey, dont leave yet, there is another one called ZK that is even more awesome, I havent finished talking about it yet. If you are the fund manager of ETH ETF, and next door is a window where a bunch of American aunts are crowded together to buy BTC with money, and those who come to your window to do business have to sit down and give them a thick manual for popular science learning, what should you do? 😂 At present, most people, even my parents, know about BTC, but there are very few who know about ETH. If you dont have enough knowledge and understanding of an asset, of course you wont buy it rashly. If you are the CEO of an ETF issuer, facing the situation that there is still a lot of hot money in the market, will you choose to continue to fight for more customers who want to invest in the cryptocurrency circle to buy BTC, or spend time to educate them in the market and guide them to ETH? If your company has a marketing budget of 1 million US dollars this year, how do you plan to allocate funds to the two ETFs, BTC and ETH? So the current situation is like this. Although the only two ETFs are BTC and ETH, BTC is too easy to raise with full buffs, and it can grow meat even if you drink water, while ETH needs to be raised with a lot of shit and urine. In the end, even if ETH also passed the ETF, it did not get enough resources allocated to complete market education and then obtain purchases. Of course, I am definitely not saying that ETH itself is bad, nor am I Fud ETH. Please note that the discussion in this tweet is all limited to the current status of the two ETFs, BTC and ETH. If you feel uncomfortable after reading this tweet, and you think there are more reasonable arguments and information, you are welcome to add to the discussion in the comment area, but if you cant hold back anything useful and want to spray me, dont waste your time, please move your fingers to block me. So when may this situation be reversed, so that each issuer will start to tilt resources towards ETH? First of all, it must be until the market funds for BTC are almost scrambled by each company, and each company finds that it cant roll up, and the low-hanging fruits have been picked. It has to go to the next door ETH to open up territory. Although it is more difficult to carry out business than BTC, it is also an incremental market. Secondly, after ETH ETF allows pledge, each ETF has a stronger motivation to conduct market education and attract deposits. To be honest, even if public chains such as Sol, Sui, etc. pass ETFs, I think the situation they face will be similar to that of ETH. In the absence of super order kings and super big financiers, market education is still very scarce, and the promotion of ETFs is also very difficult. I even think that if Dogecoin passes ETFs, its capital buying volume will far exceed that of public chain ETFs. This is absolutely no joke. Retracta ... Expand