🚀 Attention, crypto enthusiasts! Google is set to update its policies on Monday, allowing certain crypto products to be advertised on its search engine. Bitcoin exchange-traded funds (ETFs) are expected to meet the criteria, sparking industry speculation.
🔍 With the recent approval of 11 spot Bitcoin ETF applications by the SEC, investors who purchase shares in these ETFs will gain exposure to the fund’s Bitcoin holdings. This aligns with Google’s new requirements.
📈 Crypto analysts are optimistic about the potential inflows into Bitcoin ETFs, citing Google’s massive search processing power. Google processes a staggering 8.55 billion searches per day.
🤔 While Google keeps the allowed products vague as “cryptocurrency exchanges and cryptocurrency wallets,” the Grayscale Bitcoin Trust (GBTC) recently converted into a Bitcoin ETF.
👥 Unlike investment trusts, spot Bitcoin ETFs are available to the general public and are protected under the SEC’s Securities Act of 1933.
💬 What are your thoughts on this news? Comment and share your insights with us!
