Examples of “sell the news” events in crypto:

> Bitcoin CME Futures (Dec 2017)

> Bakkt (Sep 2019)

> Coinbase IPO (Apr 2021)

> Bitcoin Futures ETF (Oct 2021)

> ETH “Merge” (Sep 2022)

> ETH “Shanghai” (Apr 2023)

> Bitcoin Spot ETF (Jan 2024)

> ETH “Dencun” (March 2024)

> Bitcoin Halving (Apr 2024)

Historically and in general, “sell the news” events exist.

However, at least for ETFs, let go of preconceived notions/biases. As BTC has shown, it ultimately leads to price discovery.

The concept of “buy the news/sell the news” for ETF approvals may become less relevant in the future. Market reactions will be minimal and major price moves will be less noticeable.

Simple as that.

If the ETH ETF is delayed, this is a great opportunity to buy the dip

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The SEC announcement is expected to be released around 4 pm ET tomorrow. For the spot BTC ETF, the announcement was released at 3:45 pm, while other announcements in the past were released around 4 pm.