Spot ETH ETFs were approved by the U.S. SEC 🥳
But, the ETH(Ethereum) price has not much pumped yet. It seems that many short-term traders have sold spot ETH 🤔 They are impatient.
Because, after spot BTC(Bitcoin) ETFs were approved, the BTC price had correction for 2 weeks. Then, the BTC price had been bullish for 2 months until this correction.
During that period, the U.S. institutions have rapidly stacked spot BTC. What happend for the BTC price while they've gathered spot BTC? What will be happening after they acculating spot ETH? You already know the answer
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