I've seen some rumors that the current price jump of Bitcoin was connected with a poor situation with Bitmex. It was down for some reason today.
That rapid pump to $6,900 was said because of Bitmex.
ETF acceptance means little except it is a sign of future adoption by the big money.
It's little in a way that there's no effect for its rejection. But the hopefuls think that this can get tons of money from the institutional investors but I doubt it will happen.