Nothing will happen to bitcoin and rejection by SEC wont stop the trading. Its just one of the ways to manipulate the price. It is just a drop in the development of bitcoin which shouldnt worry us. Bitcoin will grow and the market will recover without ETF approvals. We shouldnt see it as something that would significantly improve the situation. Yes, the decision can influence the price by attracting institutional investors. Regardless of the approval, bitcoin will remain the king on the market.