Recently, a seasoned analyst proposed an interesting perspective: why does the launch of a Bitcoin ETF generate such a huge response? Many people may overlook a few key points.

First, from the perspective of market capacity, there is a hidden underlying demand that far exceeds industry expectations. A leading investment bank launched a Bitcoin ETF that became the fastest product in history to reach a scale of $80 billion, but even so, this institution is still expanding its layout. What does this signal? The market is far from saturated, and we are still in the very early stages.

Second, this is not just a commercial move but also a strategic signal. When traditional financial giants allocate assets to a certain asset, their considerations often go beyond simple product competition. The importance of Bitcoin in clients' minds—whether from an economic perspective or social recognition—is becoming a reality that financial institutions must face. Even if this product ultimately does not become a blockbuster, the brand value and market influence it brings are significant enough.

Third, understanding the essence is a defensive strategy. In a scenario where liquidity is highly concentrated, why do these institutions still push their own products? The answer is simple: controlling distribution channels is the key. Clients are not following the best products but trusted channels.