(....)
Other factors that can influence the volatility of BTC includes the arrival time of the ETF right before BTC halving event , when the supply is cut short, then the demand for it becomes more acceptable, the upcoming event especially the USA election might prove a major factor in getting another ATH in the price of BTC after the halving,
It seems the ETF approval time was just a coincidence, no one expected it would get accepted before this upcoming Bitcoin block halving.
But if you notice, we already created new all-time high before the Bitcoin block halving, that is the same experience we had in previous Bitcoin block halvings even no such ETF approval news or events.