A new analysis from CoinGecko reveals which states in the US are showing great interest in Bitcoin (BTC) exchange-traded funds (ETFs).
CoinGecko researchers poured through Google Trends data from January 2019 to January 2024, looking at search interest for the terms ‘bitcoin ETFs’, ‘spot bitcoin ETFs’ and ‘bitcoin futures ETFs.’
The analysis shows that Nevada tops the list of US states most interested in Bitcoin (BTC) ETFs with a search interest score of 100.
The researchers note that interest was “relatively even” across US states, but Nevada did top the list, followed by Washington DC, New Jersey, New Hampshire, Massachusetts, Connecticut, New York, California, Washington and Virginia, respectively.
Meanwhile, Mississippi and North Dakota ranked last, with both states scoring 19.
As an overall jurisdiction, the US ranked 12th in terms of Bitcoin ETF interest, behind Luxembourg, St. Helena, Singapore, Switzerland, Austria, Germany, Canada, the Netherlands, Hong Kong, Cyprus and Slovenia, respectively. The US is also tied with Portugal and Australia.
The U.S. Securities and Exchange Commission (SEC) approved the launch of the country’s first Bitcoin futures ETFs in October 2021. The regulator has so far denied all spot BTC ETF applications, though that could change very soon.
A slew of financial giants have submitted active spot BTC ETF applications, and numerous industry analysts anticipate some or all of them could be approved this week.
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