Price just dropped almost $300, did a negative decision come out?
I think it was denied. I read an article online that stated that the ETF was not approved. I assume it is legit, but I would have expected the price to drop even more than it has.
A lot of people around the world didn't get the memo yet. The price will likely fall further once everyone and their mother realized the ETF thing was just a hype. It will take a while, maybe a day. Others will be happy to make money shorting and some might sell just because others are selling. Perhaps a good idea to postpone buying for a bit longer.
I'm going to wait to buy a little later after things settle down. I can see the price dropping as well. Even if it's not immediate, I think the price will eventually drop more.