I am trying to not overthink this $ETH ETF thing
$BTC barely moved on approval and then pumped until the first hour of ETF trading before selling off during 2 weeks and then giga pumping for 2 months.
So will people price in the post-approval pump ? Or the dump ? Or the 2-month pump ?
And what if this time the ETF starts trading weeks after the approval ?
And what if the $ETH ETF inflows are way lower than the BTC inflows ? And what if it's actually not approved tomorrow ?
There are so many variables that it's hard to have a too complex plan.
My baseline assumption is that it will be approved tomorrow, that is very bullish for $ETH, for the market as a whole, and also for ETHBTC.
If we get any meaningful dip, I am looking to add to my positioning that is already very net long.
But I don't exclude the possibility that the ETF is not approved, in which case I will probably also buy that dip. You can't afford to get blown out if that happens.
Like & Follow are always appreciated. Have a great day, everyone
