This past month has been truly surreal. DOGE, XRP, SOL, LTC, HBAR, LINK... these coins had their spot ETFs approved one after another. At the time, I thought there would definitely be a decent rally, right? But what happened? The approvals went through, money did flow in, yet the prices kept dropping. It makes people start to question: are ETFs even effective anymore?

Take LTC as the clearest example. The news of the ETF launch made quite a splash, but the market didn’t budge at all—it just moved sideways, almost like a "semi-stablecoin." The market rules have changed—ETFs can prop up sentiment a bit, but the price will do what it wants, and there was absolutely none of the expected surge.

After all these ETFs launched at once, we’re actually seeing the strange phenomenon of "money coming in, but coins not going up." To put it simply: ETFs bring in long-term capital and psychological expectations, but these altcoins with new ETFs probably won’t see any explosive moves this cycle. If you’re waiting for a rally, you might have to hold out until the next bull market.