Bitwise CEO: Seasonality, timing of launch and other factors affect the performance of Ethereum ETF, but everything is just beginning

Odaily News Hunter Horsley, CEO of Bitwise, said in a post on X: "I would like to share some comments on the question of 'Why haven't Ethereum ETFs done better?' First, how do you judge success? Ethereum ETFs from iShares, Fidelity, and Bitwise are all among the 25 fastest-growing new ETFs this year. However, I do think there are three factors that affect the performance of Ethereum ETFs: (1) Summer: For many investors, summer is a slow period with few new projects. (2) Market: Bull markets always attract attention. Bitcoin ETP was launched when Bitcoin was rising, while Ethereum ETP was launched in a sideways market. (3) After the launch of Bitcoin ETP: For many traditional investors, it has taken some time to figure out how to incorporate Bitcoin into the ETP after it was launched, and it will take some time in the future. Ethereum launched the ETP before this problem was solved, making it difficult for people to turn their attention to it. Despite this, the above three Ethereum ETPs are still the fastest growing this year. The story of Ethereum ETP has just begun."