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