Google has relaxed its advertising policy to allow ads related to cryptocurrency funds, sparking speculation about the possibility of a Bitcoin exchange-traded fund (ETF).

This change represents a significant development in Google's stance on cryptocurrency-related ads.

The updated policy, effective January 29, 2024, applies to advertisers offering cryptocurrency funds targeting customers in the United States.

Google clarified that these cryptocurrency funds encompass “financial products that allow investors to trade shares in funds that hold large pools of digital currency.”

The cryptocurrency community enthusiastically welcomed Google's update, interpreting it as a possible sign of growing acceptance and optimism in the market.

The anticipation of the approval of a Bitcoin ETF has already influenced the cryptocurrency market, with Bitcoin reaching annual highs.

Experts suggest that if the ETF is approved, the price of Bitcoin could potentially skyrocket to an all-time high of $100,000 by December 2024.

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