Bitwise CEO Hunter Horsley wrote on X: "I would like to share some comments on the question of 'Why didn't the Ethereum ETF do better?' First, how do you judge success? iShares, Fidelity and Bitwise's (Ethereum) ETFs are all among the 25 fastest-growing new ETFs this year. However, I do think there are 3 factors that affect the performance of the Ethereum ETF: (1) Summer: For many investors, summer is a slow period and there are not many 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 incorporate Bitcoin into the ETP after its launch, 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 3 (Ethereum) ETPs are still the fastest growing this year. The story of Ethereum ETP has just begun."