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Read more: Bitcoin Spot ETF and Futures ETF: Differences To Make The Right Investment Choice
This development follows reports of asset managers promoting their ETFs via Google, with BlackRock and VanEck‘s spot Bitcoin ETFs appearing as sponsored links in Google search results.
Google’s decision to allow advertisements for U.S. spot cryptocurrency exchange-traded funds came into effect on January 29, as per an update announced in December. This move has been in the pipeline for over a month and signifies a notable shift in advertising policies.
Spot Bitcoin ETFs, approved by regulators on January 10, fall under the category of “financial products that allow investors to trade shares in trusts holding large pools of digital currency.” This broad definition includes various cryptocurrency ETFs, including potential spot Ethereum ETFs pending approval.
BlackRock, a major player in the investment industry, has been proactive in promoting its iShares Bitcoin Trust ETF (IBIT), releasing its first video ad on January 11. The BlackRock spot Bitcoin ETF ads feature an executive highlighting Bitcoin’s value proposition and the benefits of investing in IBIT.
Jay Jacobs, BlackRock’s U.S. head of thematics and alternative ETFs, emphasizes the accessibility and operational ease of IBIT, leveraging BlackRock’s established reputation and expertise in the ETF space.
As Bitcoin ETFs continue to gain traction, the presence of BlackRock spot Bitcoin ETF ads on digital platforms like Reddit and Google underscores the growing mainstream acceptance and interest in cryptocurrency investment opportunities.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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