***Why There Was No Price Surge After the ETF Announcement***
Many investors are puzzled as to why there wasn't a significant price surge following the ETF announcement. The reason is that not all ETF documents have been signed yet. However, this is bound to happen, and the approximate timelines are already known. Firstly, Layer Zero hints at May 31 as a possible date for the completion of the document signing. However, the expected rise on that day will be minor compared to what will happen after mid-June.
From that date, $ETH or $ETHFI is likely to experience a significant price surge. The full approval of the ETF and the subsequent influx of institutional investors will be the driving force behind this increase. For this weekend, we can expect market volatility with an upward bias, indicating a gradual restoration of investor confidence and preparation for significant movements after mid-June. Investors should keep an eye on the news and be prepared for these upcoming events.
