It may be possible or not possible.

It's possible. The price of Bitcoin has been relatively stable in recent months, and the SEC may be waiting for a clear trend to emerge before approving an ETF.
It could send the price of Bitcoin soaring. This is because an ETF would make it easier for institutional investors to invest in Bitcoin, which would increase demand and drive up the price. An ETF would provide a more liquid market for Bitcoin, which would make it easier for investors to buy and sell the cryptocurrency.


Or It's not possible. The SEC has been hesitant to approve any cryptocurrency ETFs, and it's possible that they will continue to reject applications until there is more regulation and oversight of the cryptocurrency market.

Only time will tell if the SEC will approve a Bitcoin ETF. But if they do, it could be a major catalyst for the cryptocurrency market.