The launch of Bitcoin ETFs has had a significant influence on the price of Bitcoin, primarily by increasing institutional interest and investment. For example, when the ProShares Bitcoin Strategy ETF (BITO) was approved and launched in October 2021, Bitcoin’s price surged from around $57,000 to nearly $67,000 within weeks. This rise was fueled by the influx of institutional investors who previously hesitated due to regulatory uncertainties. Additionally, Bitcoin ETFs provide easier access to ...