It has already rejected yesterday only.
The first proposal was sent at the month of July but SEC rejected the ETF proposal by Winklevoss brothers.After that new date has given on the month of September new proposal will be added and we are waiting for that.
Today we see a bad dump in a crypto market and the price of the Bitcoin comes down to 6200$ from 7500$ ,so we realize the importance of ETF because the news directly came that ETF proposal has been declined the market suddenly goes down with only Etf rejection .
I think that Bitcoin price has a good support of 5400$ so I believe that Bitcoin price will not go below the support point and from that it will recover the market.we see a alt coin are also going down due to Bitcoin price is manipulated.So if we all keep patient and not sell any amount of Bitcoin we will see a huge spike up again in near days or months.