I think the whole world has been waiting for Ethereum to follow through with this ETF performance that Bitcoin had, but it hasn't happened yet. And as that disappointment continues to mount, what has been heard is, "Oh, these have been such a failure." Well, no need to take part in that sadness. Just look at the numbers, Ethereum ETFs still stand among the top 25 fastest-growing ETPs this year.
That is not failure.
As Hunter Horsley from Bitwise so aptly put it, timing played a big role. Summer's a dead zone for the investors. If you've ever tried to get anything serious done in July, you can understand. The investors weren't in the headspace to dive into new projects. And then again, the market conditions weren't that great. Ethereum has come out in a sideways market, while Bitcoin rode on the wave of optimism. It's like trying to sell beach towels in winter.
Timing is everything
In addition, investors are still trying to wrap their heads around Bitcoin ETFs, and then Ethereum shows up right on the heels of that, that feels like piling on. People need time to get accustomed to one new thing before they're ready for the next. I am not excluding myself, I feel overwhelmed sometimes with new tech or investments, and I need to slow down. If only Ethereum ETFs came slightly later, maybe we would have a different conversation today.
Yield could help, though.
Staking is increasingly popular, which should be good, but it's not an overnight fix. Investors will have to understand that Ethereum is a long-term hold, just like Bitcoin. The problem is we're all impatient, most things, anyway, surely in crypto, take at least some time to mature.