Even if it got denied , the market have not crossed down below $1000 that is the main sentiment point and i think it will regain it as their is one more chance of getting accepted on march 25 around i think so.
The way I read the decision, those other ETF proposals are likely DOA now, because the reasons I saw in my quick skim is that the problem is the unregulated nature of bitcoin. If that's the case, any other bitcoin ETF faces the same reasoning and the same outcome. Hopefully I am dead wrong about this.