While others have concluded that bitcoin ETF does not actually brings an advantage for bitcoin, I prefer to just believe that most probably, bitcoin ETF is still working on its process so it can offer opportunities and advantages to all bitcoin investors. This might not be possible this year, but hopefully in the long run we won’t be regretting that bitcoin ETF has finally approved.
Bitcoin price crash has nothing to do with bitcoin ETF, but most likely it’s high volatility. So we don’t have to blame this ETF for the current price crash, bitcoin has its due time when to rise high and when to drop its price.
Almost one week after ETF Bitcoin approval not bring positive impact for bitcoin raise to higher price, like an hype awhile only with bitcoin raise up drastically until $47k and can't stable for longer time before bitcoin getting down price under $41k right now. ETF bitcoin finally approved but we can see the result with approval not bring positive yet with bitcoin keep stable on lower price and very difficult raise up to higher price since ETF Bitcoin approval announced.
I think have difference with bitcoin keep stable on lower price without announcing about ETF approval, has possibility with bitcoin will raise above $50k in short time exactly left few months before halving and bitcoin price will make close with All time high price but ETF approval change our dreaming for bitcoin return back to higher price.