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ETF approval is no longer considered bullish?
Author: zhou, ChainCatcher
In the past month, a series of emerging crypto projects—including DOGE, XRP, Solana (SOL), Litecoin (LTC), Hedera (HBAR), and Chainlink (LINK)—have had their spot ETFs approved and listed. Contrary to widespread market expectations, the prices of these assets did not soar following the ETFs’ launches. The phenomenon of continuous capital inflows alongside sharp price corrections has prompted reflection: does ETF approval still provide long-term, effective support for token prices?
1. Price Pressure: Short-term Sentiment and the Cleansing of Speculative Positions
From late October to November, the market saw a wave of spot ETF listings for emerging crypto assets. However, according to SoSoValue data, the decoupling of continuous capital inflows and plunging prices is common among these assets.