CAD will be an easy job. USD however is the main point of importance for people.
Maybe it is time we should use Japanese yen to determine 'correct' Bitcoin's price? After all yens are top volume currency of bitcoin trading ATM.
Current Bitcoin's price in Yen = 171,700
I personally don't believe in an ETF approval, but if it miraculously gets approved this month, then we'll be touching $2000 within a month or two.
Unless some new BTC regulations and laws will be introduced, ETF won't be introduced in our present legal framework. It will denied over and over again.