The ETFs are not priced in.

I’m not sure why people aren’t getting this basic economic principle, but the ETFs cannot be priced in because the capital cannot access the market without the ETF wrappers, and because the buying has not happened yet.

Once people start submitting ETF orders, the bitcoin will be purchased and the price will be impacted.

The ETFs aren’t trading yet, so it is impossible for the ETFs to be priced in.

This is simple stuff folks. Don’t overthink the obvious.