Here’s why the price of #ETH has not pumped since the #ETF approval.

Why has the price of ether barely moved Since the ETF approval despite the Approval of eight spot ether ETFs by the SEC on May 23rd ether's price hasn't Surged significantly the crypto Commentator Zack Ryan suggests that this Is because the market had already Anticipated the approval and those Interested had already invested Additionally the ETFs haven't launched Yet pending further SEC approval of Their S1 filings which could take weeks To months once launched significant Capital inflows are expected past Experiences like bitcoin's ETF launch Show initial price drops but later gains Concerns also exist about Potential Outflows from grayscales ethereum trust Converting to an ETF though some experts Believe that ether is currently Undervalued for all the latest crypto News and updates subscribe to the Official coin Telegraph YouTube channel

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OUR TAKE

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