#SEC推迟多个现货ETF审批

Even if passed, it will be as miserable as Ether. Not passing now = good thing, for the following reasons:

1. Positive news has already been reflected: The market has long anticipated ETF approval, and prices have risen before the news was officially released, making the approval turn into 'good news priced in'.

2. Insufficient investor confidence: Even with an ETF, if the macro economy is weak or interest rates remain high, investors may still remain conservative and not enter the market in large numbers.

3. Insufficient liquidity or limited demand: Some smaller or non-mainstream cryptocurrencies may not attract significant funds even with an ETF, lacking enough trading volume to support a sharp increase.

4. Overall market trend weakens: If mainstream cryptocurrencies like Bitcoin or Ether are in a downtrend, even positive ETF news may struggle to drive a broad rise.