Regarding ETF news, I see a lot of confusion on timeline but ETF approved does NOT = ETF launch. As you said, if the approval date is mentioned beforehand, people will prob buy in advance and sell on the date. However, I believe it will come out of nowhere, price might pump for a couple hours or days and then dump until it actually launches.
Yes, what we could see is pump until ETF approval, then dump until launch, then pump again ? I think that is what happened with gold ETFs. But in the same time, if the ETF volume post-launch is not large enough, we might sell that news too.
Thanks Viktor!
Regarding ETF news, I see a lot of confusion on timeline but ETF approved does NOT = ETF launch. As you said, if the approval date is mentioned beforehand, people will prob buy in advance and sell on the date. However, I believe it will come out of nowhere, price might pump for a couple hours or days and then dump until it actually launches.
Yes, what we could see is pump until ETF approval, then dump until launch, then pump again ? I think that is what happened with gold ETFs. But in the same time, if the ETF volume post-launch is not large enough, we might sell that news too.