Previous year also we faced a good bull run with out ETF. ETF not related to bull run. but panic people there so if ETF rejects by the sec or postponed they sell their portfolio for even loss.
So i believe normal market circle and bull run can be expected in next months.
what about your opinions ?
I believe Etf will play a major role in aiding the bull market without Etf I don't think there will be a major bull run without Etf being approved