The chances of ETF getting approved looks slim. At the same time it will be better if we are not too hung up on this entire ETF situation linkage to BTC. Because bitcoin was running smoothly in the market all these years without ETF. So there seems to make no difference if ETF gets approved or not. We need to stop giving this matter unnecessary attention.
Yes, this will not have a big effect on bitcoin.
Now the bitcoin market has become stronger and has a lot of trust from the people.
But I also hope positive, so that the SEC can approve the ETF.