People were expecting a massive movement on the market after the ETF approval. That did not happen instantly, but we can see the changes now. This is the year of Bitcoin mining reward halving and we are 63 days behind at this moment. We might not see instant movement after the halving, but we will see some movements after the halving period just like how it's moving right now. We might see some correction as well if it pumps too quickly, but that's the behavior of Bitcoin and we all know that. Let's wait and see what happens. We will revisit this after a few months.
It always takes time for something to take effect. So it is a false hope to think that Bitcoin will kick in as soon as the ETF were approved, it will take time and the current progress of Bitcoin shows that its true. It was stated that one of the reasons why Bitcoin price is rallying is due to the fact that ETF has gained momentum and its volume is getting larger and larger.
I don't know if the bull already started but I agree that one of the key points in getting profit in Bitcoin is having patience. By holding Bitcoin and waiting for years is not in vain because Bitcoin market performance often peaks every 4 years and often starts when the halving happens.
Honestly with SEC approval and upcoming halving of Bitcoin these two events is a very clear indicator of likely upsurge in the price of Bitcoin and long term investors are very much in anticipation of the new ATH, though the Greyscale dump really affected it price of course price history of Bitcoin always shows a any major price corrections resulted to bullish sentiment, now that the price had reached $52K definitely with all indications the bullish run had already begun and there is the tendency that $100K price mark is achievable this year so it's up to hodlers to keep their coin because a time to earn some decent profits is coming soon
True, the approval of ETF brings more fuel to the upcoming (possibly started) Bitcoin rally to new ATH.