1, which lowered the investment threshold and attracted many retail investors. These retail investors generally refer to people who are interested in bitcoin investment but are limited by computer technology.

2. It brings institutional investors a channel to invest in Bitcoin: it brings more admission assets and will generate more demand for derivatives.

3. The successful application of 3.ETF means that it has been controlled and its legal compliance has been officially recognized, which has also played a positive role in promoting the development of Bitcoin and even cryptocurrency.