- In a recent analysis, CoinGecko analysts examined the interest in Bitcoin ETFs based on Google search queries.
- Surprisingly, the United States ranked 12th in the analysis, trailing behind countries like Austria, Luxembourg, Germany, and Switzerland.
- It is interesting to note that among the top 15 countries, four have already approved spot Bitcoin ETFs.
CoinGecko, a notable platform, conducted a comprehensive analysis of user interest in Bitcoin ETFs across different countries. Surprisingly, the United States ranked only 12th in the analysis, falling behind countries like Australia, Luxembourg, Germany, Switzerland, and many others.
This report was generated by utilizing the Google Trends tool, which helped CoinGecko identify the countries with the highest interest in exchange-traded crypto funds.
The top five countries in terms of interest were Luxembourg, St. Helena, Singapore, Switzerland, and Austria. They were closely followed by Germany, Canada, Netherlands, Hong Kong, Cyprus, and Slovenia.
Strangely, the United States found itself in the 12th position, followed by Portugal, Australia, and China.
An important observation made by analysts is that four of the countries featured in the list have already approved spot Bitcoin ETFs. These countries are Switzerland, Germany, Canada, and Australia.
Experts point out that the lower interest in exchange-traded crypto funds within the United States suggests a relatively lower level of awareness among local retail investors about Bitcoin ETFs.
Regarding search queries within the United States, the state of Nevada ranked at the top, indicating the highest interest from users. This was followed by states like Washington, New Jersey, New Hampshire, Massachusetts, and others.
It is worth mentioning that we previously reported on spot Bitcoin ETF issuers filing updated applications with the SEC.