I think they will approve. SEC giving approval for an ETF will be good pr for crypto overall. It will lessen the doubts and fear that the general public are having right now. A lot of people might want them to decline it, as we all know if it gets approved the prices will in one way, shape or form more regulated and the 100x pumps era will forever gove. I might be wrong, and this might spike the prices though. But for long term sustaion price regulation are a must anyway, we can already learn from just one year back. High price spikes are not sustainable, everything needs balance.