#SECETF审批
The U.S. Securities and Exchange Commission (SEC) has recently been focusing on the approval of multiple spot Bitcoin and Ethereum ETF applications, becoming the center of market attention. This move is seen as an important milestone in the U.S. formally recognizing crypto assets as compliant investment tools. Through ETF products, institutional and retail investors can participate in the crypto market with lower risks and higher liquidity, potentially driving large-scale capital inflows. Currently, major asset management firms such as BlackRock, Fidelity, and ARK have applications pending review, with some products already receiving preliminary approval. Although the SEC remains cautious about market manipulation risks, the progress in approvals indicates a gradually more open regulatory attitude. The approval of ETFs not only brings legitimacy to Bitcoin but may also lead to an increase in the overall market capitalization of the crypto market, reinforcing its position as a mainstream financial asset.