Trader Eugene: ETH's main buying interest comes from traditional funds and is currently not interested in Ethereum-based altcoins

By: theblockbeats.news|2025/07/16 09:21:41

BlockBeats News, July 16th, trader Eugene posted that when deciding on the composition of his ETH position, he deliberately went through the historical list of beta assets that have had a "positive correlation" with ETH (note: this can be understood as altcoins that can outperform ETH), such as PEPE, LDO, OP, ARB, and other tokens.

Eugene believes that a large part of the new buy-side demand will not come from within the crypto community, but from traditional finance (TradFi). Currently, the inflow of ETH ETFs has reached a record high, while those ETH beta assets have hardly seen any increase in comparison. Therefore, he has decided not to participate in the aforementioned altcoins for the time being.

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