The price will definitely increase if SEC approves the ETF because new money will flow into the market and that will cause a significant boost in BTC price.
I also think a hypothetical approval of ETF by SEC would impact Bitcoin price positively on short term, although the recent news today bring very negative omens about the approval. They say it's not going to happen and that SEC is going to reject every submissions, because the industry still lack guarantees to investors, besides the number of scammers and bad actos being too high in crypto market recently. Could these so called analysts be bluffing? I think so, but their arguments make sense if we put ourselves on the regulators' shoes.
If ETFs proposals are rejected, they believe prices can drop to 36,000$-38,000$ once again... That is not too bad for the short run, and the scenario must be reverted anyway once it's halving time.
SEC will reject all bitcoin spot ETFs in January, says Matrixport analystI think it's the big players who are trying to manipulate the market for their benefits. Someone is trying to spread rumors and buy BTC at cheaper price.
We can see that the price of bitcoin is recovering slowly. I feel that the ETFs will be approved but that's just my guess.
Even if it's not approved then the price will still pump up sooner or later. If ETF does not becomes the catalyst then something else will.
At some point I also think ETFs will be approved, if not now, anytime soon... That is just a matter of time until it happens. People in charge of these funds will make sure to comply with all the necessary guarantees and demands from SEC, because it's also interesting for them to achieve the approval status towards the global investors' community, especially it being a hard achievement to fulfill. It will emphasize their funds as serious and legit ones.
Maybe there is some manipulation going on, as usual, but I can't disagree regulators are right when they fear the raised number of scammers involved on this industry, in charge of billionaire crypto projects. They can't easily permit these people to operate freely, putting more investors under risk of losing money, especially the newbie ones who will adopt Bitcoin only after SEC approves the ETFs.