Bitcoin ETF Searches Hit Record High on Google as Decision Nears
Date: 2024-01-10 Author: Dima Zakharov Categories: BUSINESS
Record-Breaking Interest in "Bitcoin ETF" on Google
As the January 10 deadline for the SEC's decision on the spot Bitcoin ETF approaches, market analysts and participants are brimming with optimism. Bitcoin's price has surged to over $47,000, marking multi-year highs. Correspondingly, the number of Google searches for "Bitcoin ETF" has also hit an all-time high. Last week, the search interest index exceeded 50, and this week, it skyrocketed to a perfect 100.
Interestingly, the surge in search interest for these keywords previously exceeded 25 only towards the end of 2021 during the approval of the futures Bitcoin ETF.
Global Interest in "Bitcoin ETF"
Surprisingly, the majority of "Bitcoin ETF" searches are not originating from the United States but from other countries. Canada leads the pack with an interest index of 100, followed by Hong Kong (86) and Singapore (85). Switzerland (73) secures the fourth spot, with Germany (72) rounding out the top five countries most interested in "Bitcoin ETF."
Currently, the United States occupies the ninth position with a 39 percent interest index.
Country Rankings for "Bitcoin ETF" Interest
CoinGecko, a cryptocurrency analytics aggregator, has ranked the United States as the 12th country interested in Bitcoin ETF from January 2023 to January 2024. Luxembourg takes the top spot in this ranking, followed by Saint Helena and Singapore.
Popular Crypto-Related Keywords
Santiment's social panel data reveals that keywords such as "BTC," "ETF," "47k," and "BitcoinETF" are among the top four most popular words in the last 24 hours. Interestingly, BTC holds a 7-day social dominance of 5.02%, while ETF stands at 3.42%.
These statistics underscore the significance of the SEC's decision for crypto market players worldwide.
