Andrew Kang, co-founder and partner of Mechanism Capital, a cryptocurrency venture capital firm, recently shared on social media that he believes the downward risk will decrease to about 10% before and after the launch of a physical Bitcoin ETF, while the upward risk will reach 100% in the next 12 months. Once approved, we will secure $500-700 million in seed funding (to directly purchase BTC), and we will also witness the largest-scale sales/marketing campaign.