In 2024, the U.S. Securities and Exchange Commission approved the listing of the first batch of 11 Bitcoin spot exchange-traded funds (ETFs), with net inflows of approximately $10 billion within two months. Spot Bitcoin ETFs attracted most of the global attention and investment, serving as a rapid development and maturity example in the field and providing a template for achieving more results with other cryptocurrencies. Currently, the total market value of cryptocurrencies is approximately $26 trillion.