We can see the price crashing since its release.
I would think that it will take a while for the ETF's to have any impact because they were just released.
It takes time for everything to work as expected. Bitcoin spot ETF is an opportunity for people to invest directly with easy access to find out Bitcoin price movements.
If currently the price has dropped since the Bitcoin spot ETF is because people don't fully understand it or people's reactions in the market are different. A decline in market prices is a normal action even though the decline occurred when the Bitcoin spot ETF was approved.
People should first know what a Bitcoin spot ETF is.
People easily attribute the sharp decline to the Bitcoin spot ETF, before the SEC approved the Bitcoin spot ETF, the price also experienced falls and rises as normal activity. So, this Bitcoin spot ETF will take time because the Bitcoin spot ETF is different from the Bitcoin futures ETF.