According to CoinWorld news, trader Eugene stated that when determining the composition of ETH positions, he specifically went through the historical list of beta assets that have 'positive correlation' with ETH (note: can be understood as altcoins that can outperform ETH), such as PEPE, LDO, OP, ARB, and other tokens. Eugene believes that a large portion of the new buying will not come from insiders but rather from traditional funds (TradFi). Currently, the inflow of ETH ETFs has set a new record, while those ETH beta assets have hardly risen in comparison. Therefore, he has decided not to participate in the aforementioned altcoins for the time being.