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What does it mean to pass the bitcoin etf?
Improve the compliance and investability of Bitcoin, and improve the market depth and liquidity.

1. Improve the compliance and investability of Bitcoin: The adoption of Bitcoin ETF represents the increasing acceptance of digital assets such as Bitcoin by regulators, which will help improve the compliance and investability of Bitcoin.

2. Improve market depth and liquidity: The existence of Bitcoin ETF attracts more investors to enter the market and increases market depth and liquidity.