One mouth spreads rumors, but running to refute them wears out the legs.

The U.S. Securities and Exchange Commission (SEC) approved the S1 registration statement for the Ethereum spot ETF on the afternoon of July 22, 2024.
Hong Kong: In 2024, the 华夏基金 (China Asset Management), 博时基金 (Bosera Asset Management), and 嘉实国际 (Harvest Global Investments) Ethereum spot ETFs were approved in Hong Kong. It is reported that the approval date by the Hong Kong Securities and Futures Commission is April 2024, with a planned issuance date of April 29 and listing on the Hong Kong Stock Exchange on April 30.
It's been over half a year, right? In 8 months, not only has it not risen, but it has also fallen by more than 40%. How can we explain this 40%? Next, let's take a look at the whales' positions.