Well, when ETF rejected because they said that bitcoin is still too early, it makes little change in prices will be lower. I hope, it does not really give the effect of the price decrease. one day they would approve bitcoin.
what i heard is not that, they said basically that exchange are not ready because they are not well regulated to protect money of citizen corretly, if they want to use them
for this reeason they refused the acceptance of bitcoin, i always said that for the government it's all about regulation, without that nothing will be done, bitcoin need to be regulated like fiat if we want worldwide adoption