ETF was over hyped! Nothing has happened!

[Harrisonimo]

I do hope the expectations are not cut short over a long period of waiting. The ETF might not preferably be the opening of the cryptocurrency's bull run but a sum total of other factors and indicators.

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[gidaahmad]

Yes, right. In reality, Bitcoin does not need an ETF proposal. Because we as Bitcoin users have the right to access Bitcoin. And right, Bitcoin will not experience price increases in the short term.

[Osakrita]

It is sad it was rejected  once again, the good news however is the fact that the market did not crash in price, on the contrary, it went up, that may indicate we are beginning to depend less on the ETF which is a good thing

[Phil315]

Finally, the ETF application for Bitcoin got rejected by the SEC. The market has remained the same. No drop in prices or whatsoever. So, why did people over hyped the ETF and almost made it look as if everything will collapse if the ETF is not approved?
There was no ETF approval for Bitcoin in December 2017 when Bitcoin recorded its all time high of $20,000. We should not over give credence to something when there is actually no real reason to. I am sure the experienced Bitcoin investors were never bothered about this ETF of a thing.
I guess we all are wiser now.

A lot of people attached a lot of importance to the SEC judgement on the ETF. But I believe if the ETF was approved, Bitcoin price would have soar more.