I was just reading this news on Cointelegraph, and according to the article, Reuters reported that the Securities and Futures Commission (SFC) in Hong Kong conditionally approved the first spot ETFs for Bitcoin and Ethereum on April 15. Harvest and Bosera in Hong Kong also received conditional approval from the regulatory authority.
This means that in practice, ETFs for Bitcoin and Ethereum companies that have received approval will begin their activity, and therefore we are expected to notice an improvement in the market if these companies start buying Bitcoin and Ethereum.