Google Makes a Decisive Move: Bitcoin ETF Advertisements Officially Unbanned, Could Search Exposure Heat Up?
Google, the search engine giant, announced at the end of last year that it would allow advertising for encrypted trusts starting from January 2024. At that time, Bitcoin ETF had not been approved yet, but now it has been approved in January. The cryptocurrency community is also eagerly anticipating the positive impact that Google’s massive search capabilities can bring to Bitcoin.
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Is Google’s new policy related to Bitcoin ETF approval?
Cryptocurrency community feels optimistic
Is Google’s new policy related to Bitcoin ETF approval?
Although the term “cryptocurrency coin trusts” may seem vague, it seems to align with the requirements of the Bitcoin spot ETF and Google’s updated advertising policy. It refers to the product that allows investors to trade shares of large digital currency trust funds.
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Google Advertising Policy Update (United States)
Cryptocurrency community feels optimistic
Bitcoin supporter @TheBTCTherapist points out:
Google’s search engine processes 100,000 searches per second and will open Bitcoin ETF advertising on January 29th, giving Bitcoin unprecedented exposure to institutional and retail investors.
According to the latest data from DemandSage, Google processes up to 8.55 billion searches per day.
Google
Cryptocurrency coin trusts
Advertising policy
Bitcoin spot ETF
Further reading
Foreign media: Harvest submits Hong Kong’s first Bitcoin spot ETF application, listing after the Spring Festival
Exclusive: Bloomberg article analyzes the impact of Bitcoin spot ETF on FTX and DCG’s flipping trade with GBTC.
