Ethereum ETF approved, so why aren’t we rich yet?

Crypto commentators suggest there could be two reasons why the price of ETH hasn’t rocketed in the wake of spot Ether ETF approvals.

Rynes and many others also note that while the ETFs have been approved, they still haven’t been cleared to launch. That will require an approved S-1 filing, which is a comprehensive document including details on the firm’s financials and risk profile, as well as the securities they intend to offer. “Expect a massive capital inflow in the first week, potentially reaching billions,” Second Mountain stated in a May 23 XEther surges 18% amid new hope for spot Ether ETF approvalsof its plans to convert its Grayscale Ethereum Trust into a spot Ether ETF could result in significant outflows — similar to Grayscale Bitcoin Trust after the approval of spot Bitcoin ETFs in January.

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