This paper investigates the impact of the U.S. Securities and Exchange Commission (SEC) regulatory decisions on investor perceptions and their desire to access bitcoin through Exchange-Traded Products (ETPs). It explores the dynamics of people's adoption of Spot Bitcoin ETPs, focusing on the influences of government oversight, market factors, and individual characteristics. The study hypothesizes that regulatory clarity, market dynamics, and individual characteristics (such as literacy and risk tolerance) significantly affect the willingness to invest in Spot Bitcoin ETPs. It also examines the role of institutional adoption and its effect on individual investors. Through the proposed framework and future analysis, the paper aims to provide insights for policymakers, financial institutions, and investors about the complexities of integrating Spot Bitcoin ETPs into traditional financial markets, highlighting the potential benefits of regulated access to Bitcoin investments.