Bitcoin is getting reconsidered once again do you think its going to get approved or denied? Approval does it mean BTC rockets up ? Denial does it mean it takes a dump like in March? May 15th is the last day of approval.
We thought that the last time was the last time 
and now we are getting another take on ETF. One is certain, even if this fund won't be approved the mere fact that SEC is not refusing to work on it is pleasing.
That means that there is a slight hope for ETF to be approved in the future. Just don't expect it will be in May.