Probably the odds of an ETF approval any time soon, in the coming months or even this year are pretty low.
It seems that the hands of the SEC is going to need to be forced before approval takes place, and if there is some kind of feeling that they are being forced, even by potential competition of some other jurisdiction getting "in" first, then under those circumstances they might approve an ETF.
...
IMO the last thing BTC needs is an ETF. If and when it comes it could be the end of the bull run, like the futures in 2017. Better to keep the uncertainty going for as long as possible.
The trend is becoming better established now . The recent test of 6200 was a positive sign, as I predicted here :
https://bitcointalk.org/index.php?topic=178336.msg51004585#msg51004585