#比特币vs代币化黄金

CFTC announced: BTC and ETH's 'spot' can be traded on regulated exchanges in the United States under a compliance framework.

This means that BTC / ETH is no longer just in the gray area of 'private trading + overseas platforms,' but has gained a legitimate identity and regulatory structure similar to commodities.

Formal entry channels are opened for institutions (pension funds, hedge funds, banks, etc.) — they can buy and sell BTC / ETH, provide custody, and have transparent pricing just like traditional commodities/assets.

There are three potential significant impacts on the market:

Liquidity ↑, volatility ↓ — due to more institutions + deeper market participants + formal exchanges entering the market.

Benchmarking against 'commodities like gold' — just like gold became a globally recognized asset after entering the formal futures market in the 1970s, BTC/ETH is likely to move towards a similar institutionalized, long-term allocation path.

The 'legalization + mainstreaming' of crypto assets — for the entire crypto industry, this is a dual recognition signal from regulators + the market, helping to push more institutions and mainstream capital to enter.

In summary: this approval may be a significant turning point from 'cryptocurrency → mainstream asset class.'