Zhu Su: Delayed approval of Ethereum ETF is the most bullish catalyst in the long cycle

Zhu Su posted on X platform that delaying the approval of Ethereum ETF is the most bullish catalyst in the long term. This view is somewhat ironic because once the spot Ethereum ETF is approved for listing, it may lead to ETH redemption flow, which may cause a short-term decline similar to what is currently happening in the ETF market, and also reduce the number of possible "catalysts" in the future.