Nasdaq "gives the green light." How crazy will the next steps for Bitcoin ETFs be?

In financial markets, there are two types of good news that are easiest to overlook: policy changes and rule changes. Because they don't seem as exciting as limit-up boards, but they often have a more profound impact.
Recently, Nasdaq lifted some restrictions on Bitcoin ETFs, which is a typical rule change.
Many people might think when they see the news: Isn't it just a trading rule? What's the big deal?
But in the world of institutional investing, this kind of change is significant.
Imagine a large fund managing hundreds of billions of dollars in assets. If there are compliance barriers to investing in Bitcoin, they might not even start researching it. But once the rules are clear, they can legitimately include BTC in their portfolios.
This is why ETFs are called "institutional gateways."
Over the past few years, Bitcoin has been striving to integrate into the traditional financial system. Futures, custody services, ETFs... these infrastructures are gradually being built.
And Nasdaq's move is like laying a new layer of asphalt on this road.
Of course, the market won't enter a bull phase instantly because of a single rule change. Capital inflows take time, and institutional decisions are often very slow.
But based on historical experience, as financial infrastructure gradually improves, a asset class usually attracts larger participants.
It's like urban development.
When roads, airports, and ports are built, population and capital naturally flow in.
The Bitcoin market is currently in a similar stage.
In the past, it was a world of tech geeks; now it is beginning to attract institutional investors.
Will more financial products appear in the future? For example, more ETFs, index funds, or even pension allocations?
This is not science fiction but an increasingly realistic possibility.
So this rule adjustment, seemingly calm, could actually be a new starting point.