Life goes on, just because Bitcoin ETF isn't approved doesn't put an end to the industry. Bitcoin has grown this far without the need of an ETF so it won't be a big deal if it gets rejected. It'll just have a short term impact on the market as the market will have some corrections due to fear from others selling thinking the market will dump as the Bitcoin ETF proposal was rejected. The market will bounce back though as we're in a season of positive momentum for Bitcoin due to its halving and bull market expected in coming months.

The market will be overbought as we head closer into months to Bitcoin halving, and an expectation of the price of Bitcoin to increase if the ETF get approved would have made a lot of people to buy Bitcoin. When things don't go as they have planned they'll panic and sell thereby leading the market to have a correction and that's all. Anything that happens if Bitcoin ETF get rejected won't kill the market, it'll only have it's impact as other negative news has had in the past.

No matter what the outcome of this Bitcoin ETF situation will be it'll present a positive feedback for we holders. If they get approved, Bitcoin price will likely explode and if it gets rejected and Bitcoin price decrease, that's an opportunity to accumulate more Bitcoin so it's a win win situations for us hodlers.