I think we need to verify this from a genuine source before arriving at the conclusion, moreso, bitcoin have risen close to $48'000 of recent and I don't know the way the breaking news could act in pushing the market higher than expected above $50,000 it won't be a surprise if after the confirmation that the approval was made and the market dips, then maybe later rises because this isn't the expected time to see the approval make a bullrun to the bitcoin market price not until after halving has taken place, let's just keep an eye on what's going on for now.

The news is official and was confirmed yesterday. There is even many speculation in the net that was shared in few hours after the announcement.
Meanwhile, since there is many threads about the same topic, it would be better to stick in this since it seems to be the first posted in this section https://bt.irlbtc.com/view/5481115.0

Bitcoin didn't fly to the moon on the ETF news. It's surprising because btc lost value at a time when ppl talked about record price before halving so what's going to make it stop losing more value?

I advise you to read this topic 0.618 fib retracement @ $48.5K achieved: Is this is the local top? dragonvslinux has a good analysis of the Bitcoin price and it may answer some of your questions, but the problem lies in the direction of the price. It may not be towards the moon, but the possibility of a correction is greater, so do not lose hope. It will take several months and we will see crazy green candles. You may find some positive analysis elsewhere but the price of Bitcoin is unpredictable.

Saying bitcoin did not fly to the moon is not entirely true because on the first trading day of the bitcoin ETFs, bitcoin was also pushed to 48k$ before the correction occurred. It can be said that bitcoin had a positive reaction to the ETfs news but it could not maintain that for long.

And you're absolutely right, this correction isn't too surprising since bitcoin had been bullish for months before the ETF news was announced. People should have been careful with that instead of continuing to dream that bitcoin would go higher. Bitcoin's movement is based on buying and selling activity, not just on ETFs news, and if people pay attention to bitcoin's chart, they can see that bitcoin has risen too much and a correction is just a matter of time.

 пo вceм pынкaм мoжeт быть oткaт и пoтoм yжe pocт дo ближaйщиx пикoв цeны

Not What We Expected We were expecting Bitcoin ETF to go from $50K to $70K if Bitcoin ETF was approved but instead it hit a high of $48969. Since then, the price of Bitcoin has started to slide downwards. Currently, the price of Bitcoin is hovering around $42700. But I think it is unlikely that the price of Bitcoin will go up. Since the bitcoin ETF approval did not increase the price of bitcoin as we expected, do you think the price of bitcoin will increase after the halving?

People are now attempting to manipulate the market by using the ETF and halving as additional tools. Investors and Sec did not directly approach them for approval, and even the news they were mentioning was false. I believe they were waiting to see how the news would affect the market before claiming that they had been hacked, but I don't really believe that. Aside from the ETF, the price of bitcoin will still rise this year and set a new record high because that is what happens during every halving.
Their was actually a very high possibility that it will go higher.  And the estimation between 50-70 is correct because the market is just waiting for something to trigger it for does that are yet to buy the window is still open because if the price starts going up then the price will be the challenge for acquiring bitcoin. Since the price now is around 42900.

Their is now way that the price of bitcoin will not go up. During halving it won't increase but after halving their are higher chances that bitcoin will increase in price. Continue holding till when a good profit is made.

for those that are interested
coins locked to ETF's (at previous day to post)

ARK 21Shares (ARKB) : 6544btc
Bitwise (BITB) : 8309btc
BlackRock Inc (IBIT) : 25067.06btc
Fidelity Investments (FBTC) : 10,000btc
Franklin Templeton (EZBC) : 1160btc
Grayscale Investments ($GBTC) : 591,947btc
Hashdex (DEFI) : 400btc
Invesco Galaxy (BTCO) : 3200btc
Valkyrie (BRRR) : 1457btc
VanEck (HODL) : 2000btc
WisdomTree (BTCW) : 75btc

alot of wheat commodity traders think organic natural wheat is the plague seed. and only their patented GMO wheat seed is worthy
so its not a new mindset of crypto, trade-fi has same idiots too