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 ?
There should be some reason no matter how small it is to change the wide market sentiment. Market runs on sentiments. This prolonged bear market has made the sentiment negative. The traders will need some push. The crytpo market is so small that a small news even a FUD can change the market for a while. But for a complete trend reversal we will need volume which ETF could only bring.