Well.. they didnt even made a nice build up like Winklevoss ETF. Just : no. Such a pitty

The only natural outcome. At this point we need to assume that every ETF - COIN, Solid X, Greyscale something else is all dead in the water.
It is not problem with company behind the ETF and rather, it is complaint by SEC that bitcoin is asset hard (probably impossible even) to regulate.
There won't be hype about next ETFs, investors are not stupid to fell for it again, there is not way to exploit this subject to pump BTC anymore.