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    Author Topic: Google is preparing for Spot Bitcoin ETF  (Read 650 times)
    davis196
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    December 15, 2023, 11:15:10 AM
     #41

    In anticipation of the approval of Bitcoin ETF, Google is adjusting its guidelines for crypto-related products. Before now Google had been very strict on crypto-related advertising on the platform because of concerns for fraud and misleading promotion. However, it seems they are gradually adjusting these policies to reflect the increased mainstream or institutional adoption of Bitcoin.

    From January 2024 Google will allow adverts on financial products that allow investors to trade shares in trusts holding large pools of digital currency known as "Cryptocurrency Coin Trusts". With this change in policy crypto coin trusts could run ads on Google provided they register with the SEC. This subtle adjustment of ads policy is an indication that they are preparing for Spot Bitcoin ETF.

    Investors buying shares in crypto coin trusts? Sounds like some centralized sh*t to me. It's like we are back in 2017, or back in the "Bitcoin futures trading era" as I like to call it. Investors don't need financial derivatives, they should buy BTC directly.
    Anyway, Google can advertise whatever they want. I don't know about a clear correlation between this change of the Google Ads policy and the Bitcoin ETF approval. I don't believe that some high tier Google executives have insider information about SEC approving the Bitcoin Spot ETF.

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