CoinGecko, a well-known cryptocurrency market data aggregation platform, released a research report on the 5th, which compiled the top 15 countries and regions worldwide that are most interested in Bitcoin ETF based on Google search trends. Luxembourg in Europe ranked first, while the United States ranked 12th with only 45 points, lower than expected, and Taiwan did not make the list.
Since the beginning of 2024, Bitcoin has experienced significant fluctuations multiple times due to news of potential approval of Bitcoin ETF by the SEC. Eric Balchunas, an ETF analyst at Bloomberg, once again revealed today that he heard that the SEC will officially announce the approval of BTC spot ETF at 4 pm Eastern Time on Wednesday (1/10), which is approximately 5:00 am on Thursday (1/11) Taipei time.
Currently, the market is eagerly awaiting the milestone of Bitcoin spot ETF approval and expects it to fuel a significant rise in Bitcoin and kick-start a bull market for cryptocurrencies.
Will the approval of Bitcoin spot ETF in the United States cause a global frenzy and even extend to the mainstream? We may be able to get a glimpse from a research report released by CoinGecko, a well-known cryptocurrency market data aggregation platform.
The report, based on Google search trend data from January 2019 to January 2024, analyzed the search popularity of keywords such as “Bitcoin ETF,” “Bitcoin spot ETF,” and “Bitcoin futures ETF,” and ranked the top 15 countries and regions worldwide that are most interested in Bitcoin ETF.
The data shows that Luxembourg in Europe ranked first with a perfect score of 100, becoming the country with the highest interest in Bitcoin ETF in the world. The Atlantic island of Saint Helena, Singapore, and Switzerland scored over 90, ranking 2nd to 4th, respectively.
As for the United States, which has become a global hotspot due to the issue of Bitcoin spot ETF since last year, it only scored 45 in terms of interest, ranking 12th alongside Portugal and Australia. This may indicate that mainstream retail investors in the United States have not widely embraced interest in Bitcoin ETF.
In addition, among the other top 15 countries, four countries have already established Bitcoin spot ETFs, including Switzerland at 4th place, Germany at 6th place, Canada at 7th place, and Australia at 12th place (excluding tax havens, Brazil is the only country that has a spot ETF but did not make the list). Seven countries are located in Europe (including Austria at 5th place, the Netherlands at 8th place, and Slovenia at 11th place), reflecting the region’s leadership in mainstream adoption of cryptocurrencies.
Shifting our focus to the Asian region, Singapore ranks first with a score of 94, actively considering the approval of Bitcoin spot ETF, while Hong Kong ranks 9th with a score of 66. Interestingly, China, where Bitcoin is strictly prohibited, ranks 13th with a score of 43, indicating a considerable level of interest in ETFs among the Chinese population. Taiwan, on the other hand, did not make the list.
Overall, the top 15 countries and regions most interested in Bitcoin ETF globally are as follows: (Please refer to the image provided by CoinGecko Research for the full list)
[Image]
Related Reports:
– Bloomberg Analyst: Bitcoin spot ETF expected to be “approved in the early morning of 1/11,” SEC false news won’t change anything
– Fake News! SEC Twitter(X) hacked, announced approval of Bitcoin spot ETF, causing BTC to surge to 48,000 and then plummet
[Image]
Source: CoinGecko Research
Related Reports
– Female Stock Guru: Ark Bitcoin spot ETF to be approved this week, don’t underestimate institutional buying power
– Spot ETF Arms Race Begins! Vaneck, BlackRock inject $72.5 million, $10 million seed funds respectively
– Standard Chartered Bank estimates Bitcoin spot ETF to “absorb a crazy £100 billion investment”! BTC expected to rise to £200,000 in 2 years
– Bitcoin spot ETF fee summary: Ark, Bitwise initially offer zero fees to capture the market, while this issuer is 7 times more expensive than others