I think it was denied. I read an article online that stated that the ETF was not approved. I assume it is legit, but I would have expected the price to drop even more than it has.
A lot of people around the world didn't get the memo yet. The price will likely fall further once everyone and their mother realized the ETF thing was just a hype. It will take a while, maybe a day. Others will be happy to make money shorting and some might sell just because others are selling. Perhaps a good idea to postpone buying for a bit longer.
I'm going to wait to buy a little later after things settle down. I can see the price dropping as well. Even if it's not immediate, I think the price will eventually drop more.
Waited too long, Bitcoin right back up. Who wan'ts centralized anyways, no need for btc ETF
Through their news however, it serves as a publicity for bitcoin and cryptocurrencies which is why some people from the outside are joining the party and invested to crypto.
I saw some talks in the webmasters forum recently about DASH and ETH. They were surprise why they don't know about these two for they only know Bitcoin. Its going to be a good year to invest in crypto and I'm glad I here who already have invested to some that rose up.