No matter what happens, Bitcoin is expected to rise, especially with the upcoming halving event. Just take a look at the current market and how Litecoin has been surging in recent days.
You're talking about bitcoin on bitcoin discussion board,while chipping in with altcoins discussion as a matter of concern here where it is known to us all that almost all the cryptocurrencies have experienced same surges the moment bitcoin begin to rise late last month.
Therefore, it stands to reason that regardless of any regulations or whether Bitcoin will be accepted as an ETF, Bitcoin will definitely experience a surge as it targets the halving event next year.
I think you should be the one not to mix up things here in confusion because bitcoin ETF is different from other cryptocurrencies and don't rely on them to be approved in areas where applicable, halving as well is not what depends on ETF either or any other altcoins experience with the SEC.