According to data According to Google Trends, global search interest in the term “spot bitcoin ETF” over five years is expected to reach its highest point, indicating renewed public curiosity.
The value of the “Bitcoin ETF” also reached 39, the highest level since the launch of ProShares’ futures ETF two years ago, when it also hit a high of 100 in searches.
Market participants believe the US SEC, which recently missed a deadline for a major legal challenge, will likely give the green light to a spot ETF early next year. This approval is expected to result in a substantial increase in available funds and commercial activity.
The idea of getting approval for a Bitcoin (BTC) exchange-traded fund (ETF) has been a constant topic of discussion in the cryptocurrency industry. Many people see this as a way to measure how widely accepted BTC is in traditional finance.
According to FRNT Financial, a Toronto-based crypto platform, they highlighted the recent increase in interest in Google searches related to ETFs.
Google Trends provides mostly unfiltered samples of search queries made on Google and ranges from 0 to 100, with 100 indicating the highest level of interest at any given time. In the past, when Bitcoin and Solana (SOL) reached a score of 100 on Google Trends, it often coincided with the peak of their prices rising during bull markets.
A spot ETF tracks the real-time price of Bitcoin and does not involve trading Bitcoin futures. Instead, the ETF provider buys and holds real Bitcoins. This is a good option for people who want to invest in Bitcoin without needing to personally own the cryptocurrency.
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