This is the most interested US state in the Spot Bitcoin ETF.

Nevada has emerged as the leader in demand for Bitcoin ETFs (exchange traded funds) in the United States, surpassing traditional financial centers like New York and California.

This insight comes from a recent study by CoinGecko, which used Google Trends data to analyze global and domestic interest in cryptocurrency investment vehicles between January 2019 and January 2024.

Nevada has emerged as the top US state.

According to the survey, the United States shares 45 points with Portugal and Australia out of the top 15 countries. This shows a relatively low level of interest compared to European counterparts.

1/ Which states are most interested in Bitcoin ETFs in the United States?

Our research shows that the gambling city of Las Vegas, Nevada is very interested in Bitcoin ETFs.

Read the full study: pic.twitter.com/QnyDhPrKfq

— CoinGecko (@coingecko) January 5, 2024

In America, Nevada has emerged as the state with the highest interest in Bitcoin ETFs, scoring a perfect 100. This is especially given that Nevada is home to Las Vegas, a city of gambling and high-stakes financial ventures.

Washington, D.C. trails behind with 93 points. New Jersey and New Hampshire follow closely behind in their enthusiasm for space Bitcoin ETFs, ranking 88 and 87, respectively.

Interestingly, traditional financial and technology centers such as New York and California ranked 7th and 8th, respectively, indicating that demand is evenly distributed across states. Mississippi and North Dakota recorded the least interest, both recording 19.

The study found that despite the differences in interest rates, the interest rate of the Bitcoin ETF is relatively equal in the US, with state stocks ranging from 0.7% to 3.8%.

This shows the country's enthusiasm for introducing the country's first Bitcoin ETF.

The leading peaks of interest with Luxembourg

Globally, Luxembourg leads the pack in search interest at 100, followed by St Helena, Singapore and Switzerland, all scoring in the 90th percentile.

The findings also highlight a significant trend in the established Bitcoin ETF markets. Countries where Bitcoin ETFs are included are Switzerland, Germany, Canada, and Australia, among the top 15 by interest.

This correlation suggests the growing adoption and adoption of cryptocurrency in these regions.

Brazil, although two places combined for Bitcoin ETFs, did not make it into the top 15 rankings.

This may indicate a gap between the availability of spot Bitcoin ETFs and interest or awareness among the general public.