I am certainly not able to speak for all those who believe in Covenant Theology, and I am not aware that there is one universally approved position.Please enlighten me. What future does Covenant Theology say waits for ethnic Israel?
My reading of Romans 11 leads me to the view that there may well be a revival amongst enthic Jews before the Lord's Return. I pray that there will be a revival among many ethnic groups, including the British, the Arabs and the Iranians. But IMO there will be no special arrangement for the Jews; if they are saved, they will be so in the same way as everyone else: the Holy Spirit leading them to repentance and faith in Christ.