Spot Bitcoin ETFs have an important role to play in growing Bitcoin investment. People are getting to know more about Bitcoin. More and more people have become interested in Bitcoin investment. Apart from ordinary investors, many institutional investors are now interested in Bitcoin investment. However, there is no way to say whether it has played or will play a major role in the rise of Bitcoin's price. ETF traders are never in favor of holding Bitcoin. Once they get their expected return on a trade, they sell their bitcoins. Bitcoin holders are the main contributors to the rise in the price of Bitcoin. In 2021, the peak price of Bitcoin rose to 71K and after the approval of Bitcoin ETF, this price rose to 73K and there is no chance of seeing much change. Although this ETFs has not directly shown any major changes in Bitcoin price, it has enabled people to learn more about Bitcoin.