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 Ethereum ETF approved so why aren’t we rich yet?

Crypto commentators suggest there could be two reasons why the price of ETH hasn’t rocketed in the wake of spot Ether ETF approvals.
https://coinhangar.com/wp-content/webp-express/webp-images/uploads/2024/05/Hong-Kongs-Bitcoin-and-Ethereum-Spot-ETFs-Coming-to-Singapore.png.webp 
 jpfj 
 Although the ETFs have been approved, they have not yet been launched or started trading on their respective exchanges. The net new capital inflow from these ETFs is still to come