The approval of the Bitcoin ETF (Exchange-Traded Fund) by the U.S. Securities and Exchange Commission (SEC) marks an important development in the cryptocurrency market and may significantly increase Bitcoin’s market legitimacy and appeal, thereby attracting more traditional investors. The decision is expected to increase market liquidity, potentially trigger price volatility in the short term, and may prompt other financial regulators around the world to consider similar measures, driving further acceptance and integration of Bitcoin and cryptocurrencies globally.