I hardly think CBOE ETF will happen in this August. A friend told me it was denied by the SEC recently and that is the main reason why bitcoins declined below 8000 USD price recently.
It was the WV ETF that was rejected, not the one from VE & SX. Perhaps it's time to surround yourself with better friends.
Bitcoin seem to have declined because there simply is no demand around $8000 and soon we'll see how little demand there is around the $7000 level. Almost no one is active in this market aside from bots trying to outsmart each other, which indicates that bagholders are waiting for an increase, and those who were expecting an increase have bought themselves some coins already.
It would be hilarious if the SEC just because of the declining price would let the ETF come through. It will at least combat sell the news sellers, which was a problem last year with how CME went live during peak bull run levels.