Which country leads interest in Bitcoin ETFs?

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The countries with the greatest interest in Bitcoin ETFs are Luxembourg and St. Louis. Saint Helena, Singapore and Switzerland, while the United States only made it into the top 15.

Recently, CoinGecko has just released a study on the level of interest in Bitcoin ETFs in various countries around the world based on Google Trends data from January 2019 to January 2024.

It is worth noting that the country most interested in Bitcoin ETFs is not the United States; Luxembourg.

Luxembourg leads the way with a search interest score of 100, followed by St. Louis. Helena, Singapore and Switzerland all scored 90 points.

Although the United States remains in the top 15, its score is only 45 points, the same as Portugal and Australia. This shows that the level of interest among US investors is significantly lower than in European countries.

List of top 15 countries interested in Bitcoin ETF.

However, in the United States, Nevada Once again, it is the state with the highest interest in Bitcoin ETF spot funds, scoring a perfect 100. This is especially noteworthy because Nevada is home to the city of Las Vegas, known for its casinos and high-stakes financial projects. New Jersey follows with 88 points.

Contrary to expectations, interest in traditional financial and tech hubs such as New York and California was average, respectively. Mississippi State and North Dakota have the least interest, both at 19 points.

The research also highlights that despite differences in interest levels, Americans’ curiosity about Bitcoin ETF spot is relatively evenly distributed, ranging from 0.7% to 3.0% to 8%.

This suggests that a significant number of Americans are anticipating the launch of the country’s first Bitcoin ETF spot.

List of interest rate levels by state in the United States.

What’s surprising about Coingecko’s study is Brazil While Brazil does have two Bitcoin spot ETFs, it is not among the top 15 countries interested in Bitcoin ETFs.

As can be seen, these findings also highlight a significant trend in the Bitcoin ETF spot market. Countries that have established Bitcoin ETFs, such as Switzerland, Germany, Canada and Australia, are among the 15 most watched countries. This demonstrates the growing acceptance and adoption of cryptocurrencies in the aforementioned regions.

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Take a look at the 20 active Bitcoin ETF spot funds around the world, with a total value of up to $4.16 billion