I think they will approve it next year, but no one can be sure about the exact date. No matter how long it is kept waiting, it will be approved one day. Bitcoin's rise does not depend on the ETF, but I still think it will have an impact.

As the halving approaches, expectations increase. The ETF may also be approved closer to the Halving. This is just a guess, but something needs to happen for the Bitcoin price to rise.