Google Trends Shows Ethereum Interest Rising Rapidly as ETF Launch Approaches

According to recent statistics from July 16, 2024, Google Trends data reveals a significant increase in interest for the term “ethereum,” climbing from a score of 57 out of 100 on July 14 to a peak of 82 on Monday. Similarly, the search query “bitcoin” saw a rise, moving from a score of 71 to 76 between those two days over the 30-day period.

Ethereum Search Popularity Peaks as ETF Launch Nears; Bitcoin Searches Also on the Rise

Ethereum is gaining attention ahead of the imminent launch of spot ether exchange-traded funds (ETFs), while bitcoin has also seen increased interest following a price jump in the past 48 hours. According to Google Trends, both search terms—”ethereum” and “bitcoin”—have experienced notable increases. Essentially, Google Trends employs a relative scoring system ranging from 0 to 100 to illustrate search interest over time.

Google Trends data shows the search term “ethereum” has been on the rise.

The peak popularity for a term such as bitcoin or ethereum is given a score of 100, with other points scaled proportionally. This enables comparisons of search terms’ popularity over various periods and regions. Over the past 30 days, ethereum’s interest climbed from 57 on Sunday to 82 on Monday, July 15. Although Tuesday’s data is still being finalized, Google Trends projects a rise to 100 for the search query “ethereum.”

Interest in the search term “Mt Gox” has increased as well.

The statistics are gathered globally, with St. Helena emerging as the top region for ethereum searches. While St. Helena leads the list of regions showing interest in ethereum, it is followed by Switzerland, Slovenia, Nigeria, and Singapore. The most popular related queries for ethereum include “ethereum ETF launch date” and “ethereum price.” On July 16, the search term “bitcoin” is projected to hit a score of 100, up from 76 on July 15.

The top countries searching for bitcoin are Nigeria, El Salvador, Switzerland, the Netherlands, and Brazil. Prominent related queries for bitcoin include “when did bitcoin reach its all-time high?” and “Mt Gox bitcoin payout.” The search term “Mt Gox” peaked at 100 on July 5 before dropping to a score of 6 by July 14. However, it has since risen to 11 out of 100. As BTC and ETH prices climb and ETH ETFs are on the horizon, the looming Mt Gox payouts remain a hot topic.

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