To anyone concerned about the ETH ETF "underperforming" because no insta bag-pump;

BTC ETF got approved on Jan 10th this year, and we dumped 20%~ following that.

It took us 31 days to recover back to break-even. Then we put in an ATH.

Patience.

e/acc || Building @ /imgn || Dogecoin core dev 2013/14

I have googled what an etf is I understand what it is and at the same time don’t, I’d like to ask if there’s any other way you could explain it like in relation to eth and eth etf rn!

Building: signal wars Trading Game|                                         in love with charts📈📉
Auditor

yes, they cannot legally purchase or hold Ether as an asset without the regulatory frameworks that ETFs provide :)

Ohh I see!
but is there anything stopping them from buying without an etf?

very simple version; it allows traditional finance institutions like investment and pension funds to buy Ether!