Bloomberg ETF Analyst James Seyffart:
This does not mean that they will start trading tomorrow. This is just a 19b-4 approval. S-1 documents also need to be approved, which will take time. We expect it to take a few weeks, but it could take even longer.
I think everyone is happy now that Eth Eft approval has arrived, but it seems like something is missing from the approval 🤨
As you can see, they can manipulate the market as they wish, last night Eth dropped to 3500 with the fake postponement news, and then it reached 3800 after the approval news, now they are keeping it around.
I think Eth will come quickly between 4400-4500 USDT, you can follow 6150-6200 USDT after some correction in that region.