Excitement Over Spot Bitcoin ETF Spreads to the Masses, Google Search Data Suggests
Retail interest in Bitcoin's potential use in financial markets, specifically through a spot exchange-traded fund (ETF), is on the rise
Google Trends data reveals a surge in searches for "spot bitcoin ETF
Google search values for "spot bitcoin ETF" are approaching a peak of 100, demonstrating widespread interest
The value for "bitcoin ETF" is also at its highest level since the launch of ProShares' futures-based ETF two years ago
Mainstream attention is growing as people seek information about Bitcoin spot ETFs and their potential impact on the cryptocurrency market, which is already the largest in the world
A spot ETF would track the actual Bitcoin price, making it a straightforward way for investors to gain direct exposure to Bitcoin without owning the cryptocurrency itself
According to Matrixport, approval of the BlackRock ETF could drive Bitcoin's price to $42,000 to $56,000.