Why is the UK ETP announcement exciting for crypto investors?

https://www.cryptoglobe.com/latest/2024/05/uk-approves-first-cryptocurrency-exchange-traded-products/

The excitement surrounding the UK’s announcement about Bitcoin ETPs mainly stems from the increased legitimacy and accessibility it brings to Bitcoin investing. When a country like the UK approves such products, it not only boosts investor confidence but also potentially attracts a broader audience to the crypto market. This can lead to increased investment, greater liquidity, and potentially more stability in the cryptocurrency market. For crypto investors, these developments are seen as positive steps toward mainstream acceptance and integration of digital currencies into conventional financial systems.

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