According to Odaily Planet Daily, Bitwise CEO Hunter Horsley posted on X that iShares, Fidelity and Bitwise's Ethereum ETFs are among the 25 fastest-growing new ETFs this year.

He believes that there are three factors that affect the performance of the Ethereum ETF:

1. Summer: For many investors, summer is a slow period with few new projects.

2. Market: Bitcoin ETP was launched when Bitcoin was rising, while Ethereum ETP was launched during a sideways market.

3. After the launch of Bitcoin ETP: Traditional investors need time to include Bitcoin in their investment portfolios. Ethereum ETP will be difficult to attract attention if it is launched before this problem is solved.

Still, these Ethereum ETPs have been some of the fastest growing this year, and the story is only just beginning.