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Naaah. An increase is probable for a short time though not as many would prefer. Etf doesn't really do anything sognificant to btc. An approval or denial would spike up speculations that would move the price but only on a temporary basis.
i would have agreed with you a couple of months ago as the market was not ready for a rise yet and we still had the stability phase ahead of us. but now we are nearly done with that phase and the market is starting to get ready for the rise.
long story short WITHOUT ETF, price will rise soon. WITH ETF, that rise will happen faster.