So will the price of bitcoin drop if the etf is not approved or is the price already built in? The price is still pretty high right now, so I think it could still drop.
Since the last rejection is only 2-3 months old and nothing has changed for Bitcoin I don´t think anyone really expects this to get passed.
So I also think the currect price is not high in anticipation of an approval => So Bitcoin price will stay about the same.