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https://www.gate.com/announcements/article/45974
ETH soars as traditional funds flow in, while alts show weak performance.
[Coin World] According to reports, trader Eugene stated that when deciding on the composition of ETH's position, he specifically reviewed the historical beta list that has "positive correlation" with ETH (note: this can be understood as alts that can outperform ETH), such as PEPE, LDO, OP, ARB, and other tokens. Eugene believes that a large portion of the new buying pressure will not come from insiders, but rather from traditional funds (TradFi). Currently, the inflow of ETH ETF has set a new record, while those ETH betas have hardly risen in comparison. Therefore, he decided not to participate in the aforementioned alts for the time being.