The recently launched ETH spot ETF has failed to match the success of its Bitcoin counterpart. In an interview with X, Hunter Horsley, CEO of crypto asset manager Bitwise, shared three reasons he believes are responsible for this disparity: 1. Summer is a slow period for investors. Many investors take a break from the markets during the summer months, leading to decreased trading activity. 2. The BTC spot ETF launched into a rising market. The BTC spot ETF benefited from a rising cryptocurrency market, which boosted its initial performance. The ETH spot ETF, on the other hand, launched into a sideways market, which has limited its gains. 3. Traditional finance investors are still figuring out how to allocate to cryptocurrencies. The BTC spot ETF was the first of its kind, and it has attracted a lot of attention from traditional finance investors. The ETH spot ETF, however, is still relatively new, and investors may be hesitant to allocate to it until they have a better understanding of the cryptocurrency market. Despite its initial performance, Horsley believes the long-term prospects for the ETH spot ETF are very bright. He expects that as the cryptocurrency market continues to grow and mature, the ETH spot ETF will become increasingly popular with investors.