Google Trends: Number of Searches for Bitcoin ETF Reaches a Record High
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Oct. 23, 2023

According to Google Trends data, the number of searches for the phrase "spot Bitcoin ETF" has reached its highest level ever.

Apparently, this is due to the latest news in the crypto industry, which has increased the chances of product approval significantly.

The record high values have coincided with unwarranted hype surrounding the launch of an exchange-traded fund.

Last October 16 Cryptomedia made a post on X about BlackRock's approval of a spot Bitcoin ETF, resulting in the cryptocurrency's price surpassing $30,000. However, the news turned out to be false, causing the asset to fall.

The information was refuted by the US Securities and Exchange Commission (SEC), BlackRock itself and several other media outlets.

BlackRock filed this summer with the SEC to launch a BTC-based investment product. Shortly thereafter Valkyrie, Fidelity Investments, WisdomTree and Invesco filed similar applications.

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