The increase of compliant channels for #SECETF审批 and the encrypted ETF provides institutional investors with a compliant investment method that does not require direct ownership of cryptocurrencies, reducing technical barriers (such as wallet management and private key security). This is particularly attractive to institutions with a lower risk appetite (such as pension funds and insurance companies).

The market's recognition has improved, and the approval of Bitcoin and Ethereum spot ETFs in 2024 marks the integration of crypto assets into mainstream finance. The new framework may further expand to ETFs of other crypto assets like XRP and Solana, enhancing market confidence in crypto assets and stimulating institutional capital inflow.