#SECETF审批 Recently, the market is highly focused on the progress of the U.S. Securities and Exchange Commission (SEC) regarding the approval of several Bitcoin and Ethereum spot ETFs. If the SEC approves the spot ETFs, it will mark an important step towards the gradual recognition of crypto assets by traditional finance. The passage of ETFs can not only provide institutional investors with a more compliant and convenient entry channel but is also expected to significantly enhance market liquidity and price stability. Currently, some large asset management institutions like BlackRock and Fidelity have submitted applications, sparking widespread discussion in the market. Investors should closely monitor the approval dynamics to seize potential market catalysts.