Which countries are most interested in Bitcoin ETFs?

Author: Lim Yu Qian, Coingecko; Compiler: Songxue, Golden Finance

Which countries are most interested in Bitcoin ETFs?

Luxembourg, Saint Helena, Singapore and Switzerland lead global interest in Bitcoin ETFs, ranking in the 90th percentile for search interest scores on Google Trends.

While the United States managed to break into the top 15 countries most interested in Bitcoin ETFs, its score was only 45, tied with Portugal and Australia. In other words, U.S. interest in Bitcoin ETFs is less than half the interest in Luxembourg, suggesting retail investor expectations for Bitcoin exposure may not yet be widespread.

The mature spot Bitcoin ETF market dominates the rankings:Of the top 15 countries most interested in Bitcoin ETFs, 4 countries have already established spot Bitcoin ETFs, namely Switzerland, Germany, and Canada and Australia. The other five are European countries, reinforcing the region’s leadership in mainstream cryptocurrency adoption.

Excluding tax havens, Brazil is the only country not in the top 15 for Bitcoin ETF interest, despite having 2 spot Bitcoin ETFs.

Which states in the United States are compared Bitcoin ETFs Most Interested?

The state in the United States that is most interested in Bitcoin ETFs is Nevada, home to the casino city of Las Vegas. Nevada had the highest search interest score of 100, just ahead of Washington, D.C., which scored 93. New Jersey and New Hampshire follow closely behind in terms of interest in Bitcoin ETFs, with scores of 88 and 87 respectively.

Although it is from the United States Financial and technology hubs, but New York ranks seventh and California ranks eighth in national Bitcoin ETF interest. Mississippi and North Dakota are the states least interested in Bitcoin ETFs, with the lowest scores, both at 19.

Nonetheless, interest in Bitcoin ETFs is relatively even across the 51 U.S. states. Bitcoin ETF interest shares ranged from 0.7% to 3.8% in each state, indicating that expectations for the country’s first spot Bitcoin ETF are similar across the country.