On Tuesday, the changes in the $BTC spot ETF were not significant, still maintaining a net inflow of over 2,500 units, with 90% of the inflow coming from BlackRock investors. However, today was not friendly for Bitcoin, as Nasdaq's new policy has relatively increased the complexity for listed companies to purchase cryptocurrencies, leading to a poor performance in the crypto stock market, which in turn caused BTC to decline.

Personally, I don't think this is a very bad decision; it just requires shareholder meeting approval when purchasing, which indeed complicates the process a bit, especially for listed companies like $MSTR that need to buy weekly. However, this does not affect the essence of these listed companies; the frequency of purchases may decrease, but the amount per purchase may increase.

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