According to online reports, Bitcoin spot ETFs now account for 25% of global BTC spot trading volume, a significant increase from 10% in October 2024. This proportion was close to 30% two weeks ago, indicating strong demand among institutions and retail investors for regulated Bitcoin exposure. The Bitcoin Spot ETF is considered to be one of the most successful ETF products in financial history because it circumvents technical thresholds such as crypto wallet custody and private key management, and attracts a large amount of capital inflows. Investors particularly value the familiarity with the compliance environment, simpler tax processing and reduced counterparty risk provided by ETFs. Industry analysts point out that Wall Street's traditional financial infrastructure is rapidly taking market share, and the dominance of crypto-native exchanges is gradually weakening.