$ETH ETFs were approved by the SEC on May 23rd, something that many doubted, now the question that many are asking themselves is why hasn't the price of ETH gone up? In my opinion, there are 2 reasons why what happened with BTC has not happened.

The first is that there was a lot of expectation and many buyers anticipated the purchase, in fact this reflects the fact that ETH had gained ground in the last weeks before the approval.

The other reason is that while it is true that the SEC has given its approval, it has not yet delivered its S-1 forms and still needs approval before live trading can begin and large investors can buy on the exchanges. In the case of BTC these S-1 forms were issued one day after approval, according to sources that form could take weeks or months.

Be that as it may, once they start operating, an increase in the price of ETH is expected, just as it happened with BTC.

But the question that remains in the air is whether it will reduce the investments of BTC eth?  As they say, it will dawn and we will see. Here the important thing is that cryptocurrencies are no longer considered securities and perhaps in the near future we will see BNB ETFs.