I'm not excited about ETF solicitation either. Whatever happens, whether they approve it or not, I don't really care at this point, although I think it's going to be inevitable in the long run that there will be ETFs on Bitcoin and other cryptocurrencies like there are on the S&P 500 or stock picks.
Although halving is yet a year away, this ETF is probably the awaited part where the price of BTC will go up to $35k. If ETF approves this year + the halving a very good combination for the super bull run that will shoot to more than $120K.
First of all, we should point out that there is not a year left, but
about 9 months.
Then, about reaching $35K can happen in a week without any special positive news needed for it. This is normal for Bitcoin volatility. With very positive news it could reach that level in a day or two.
Downside of this ETF is dat with usual volatility, getting a large market party stepping in and out could actually give more movement in the market, as it opens the access to new money that's not about to HODL.