I had huge expectations from the Bitcoin ETF regarding the price, but it turned out the ETF was hyped hence, it could not provide the sustainable increase in price most Bitcoiners were expecting. This now shows that nothing is really guaranteed in the Bitcoin market, all we do are just predictions. I think it is high time we moved past this ETF stories and look at the bigger picture and how to take advantage of the lower prices we are seeing now. Those using DCA should continue and not be discouraged by the drop in price when everyone expected a rise. Those buying the dips should as well continue as the market has continued to present us such opportunities for a while now.
If you are talking about Bitcoin ETF's then they are doing good in there one week journey. After six days of trading spot Bitcoin ETF's now hold
95,000 Bitcoin. Now if we come to other side of picture i.e. price of Bitcoin then its true that these ETF's didn't have any impact on price of Bitcoin.
If you remember 2017, there were ICO's everywhere and everyone rushing after new ICO's. In year or two they were replaced by IEO's, then came NFT's and now we have ETF's. To me this too shall pass away and we will see Bitcoin moving on its own in the long run.
Those who are gathering Bitcoin must continue gathering in whatever manner they are. Think about 4 to 5 years of investment in Bitcoin and then you will get to know how profitable Bitcoin is.