Earlier this week we pushed an update to the shop that incorrectly set Elite Status live and available for purchase. This feature was not intended to be released yet, and we recently removed it as an option.
To those that got in early and have Elite Status, thanks for helping us test it! You're status will not be removed prematurely and will run it's course until the account reset. As with everything else that costs GP, the funds you've spent on Elite Status will be refunded to you.
We'll have more information on when Elite Status will be available after Progression 2.0's release.