With so many denials over the years this one is much antcipitated to make it through. The counsel which were discussing about it didnt spend but 15 minutes to make a decision so they didnt have enough substantial reasoning to have it approved at the time without any major institutional entities coming forward. But now with bakkt and bitwise coming into play they cant come to that conclusion this time around.
More can be read on how these two will make an impact on the decision come sunday/monday.

https://beincrypto.com/bitwises-bitcoin-etf-expected-to-be-approved-in-less-than-a-week
https://cryptobriefing.com/bitcoin-etf-bitwise