Has BTC ETF been approved?

Could you please clarify for me whether the Bitcoin Exchange Traded Fund (BTC ETF) has received approval from the relevant regulatory authorities? I'm particularly interested in understanding the current status of its approval process and whether there are any updates or anticipated timelines for a decision. Additionally, I would appreciate any insights you may have on the potential impact of a BTC ETF approval on the overall cryptocurrency market and the specific implications for investors. Thank you for your assistance in addressing these questions.