Why did the short-term price of Bitcoin plummet after the Bitcoin ETF was approved?
1) The ETF expectations have been digested by the market, which leads to the normal phenomenon of profit-taking of funds deployed in the early stage after the ETF is approved;
2) GBTC is converted into a redeemable ETF, unlocking liquidity risks;
3) The positive cashing turns into negative, and the price will generally fall.
So, after the Ethereum ETF is approved, will the price plummet in the short term and then continue to rise for many days?
