Bitcoin ETF approval does not automatically translate to a bull run for all cryptocurrencies. The market is largely unpredictable.
But a piece of supposed good news is very welcome and if it's well received by institutional investors, the price would surely surge.
I don't know if it would be a sustained pump.

With the series of rejections I am not too optimistic about the chances of acceptance. And for good reason.
The problem of possible manipulations and centralization is not to be taken lightly.