Luxembourg, St. Helena, Singapore and Switzerland lead global interest in Bitcoin BTC/USD exchange-traded-funds (ETFs), with search interest scores in the 90th percentile on Google Trends.
What Happened: While the U.S. managed to make it into the top 15 countries most interested in Bitcoin ETFs, it is currently 12th country on the list after Cyprus and Slovenia, according to Coingecko Research.
The study examined search interest for ‘bitcoin ETFs', ‘spot bitcoin ETFs' and ‘bitcoin futures ETFs' based on Google Trends data from January 2019 to January 2024.
Among the top 15 countries most interested in Bitcoin ETFs, 4 are countries where spot Bitcoin ETFs are already incorporated, namely Switzerland, Germany, Canada and Australia.
In the U.S., the state showing the most interested in Bitcoin ETFs is Nevada, which is home to the gambling city of Las Vegas, reported Coingecko Research. Nevada recorded the highest search interest score of 100, just ahead of the 93 scored by Washington D.C. New Jersey and New Hampshire follow closely behind in their interest towards Bitcoin ETFs, scoring 88 and 87 respectively.
The numbers represent relative search popularity: A value of 100 indicates maximum popularity as a proportion of total searches and a value of 50 indicates half the popularity, while a score of 0 means there was insufficient search interest data.
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Why It Matters: Despite being the financial and technology centers of the U.S., New York came in 7th and California placed 8th on the list for Bitcoin ETF interest. Mississippi and North Dakota are the states least interested in Bitcoin ETFs, tying with their lowest scores of 19.
Nevertheless, U.S. interest in Bitcoin ETFs is relatively even across the 50 states. Each state's share of Bitcoin ETF interest was between 0.7% and 3.8%, suggesting that anticipation for the country's first spot Bitcoin ETFs is similar nationwide.
Price Action: At the time of writing, BTC was trading at $45,003 up 1.6% in the past 24 hours, according to Benzinga Pro.
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