Bitcoin ETFs have been controversial since their inception. It is still under discussion. Discussions have not subsided, especially since the approval of the Bitcoin ETF this month. It was a hot topic. Google is currently again informed by google authorities that from the last 29th the US spot has started allowing ads featuring cryptocurrency ETFs.
Google recently allowed ads targeting the United States specifically to promote cryptocurrency coin trusts. In this case the google authority said that advertiser use 10-12g form. Therefore, they have successfully registered as per the relevant provisions of the Act. The Act originally registered it in the case of the Exchange Act. However, an important point is that the provisions of the Act and any other local legal requirements must be complied with. Of course advertisers must follow Google's rules. That's why they need to be certified with Google.
It is a different kind of agitation. Especially the advertisement of ETF is an important aspect. But recently Google reported that some asset managers have already started advertising ETFs For example, WatcherGuru's One X post as well as BlackRock and VanEck spot bitcoin ETFs have started advertising on Google. If you do a Google search now, you'll see them there as sponsored links in the results You can even see it from another post on BITCOINLFG. Their post indicates that sponsored links appear in those results. These links to them are usually advertisements for Franklin Templeton products.
Such planning has been started long ago. To say that this plan has been taken for the last one month though it has been implemented since last 29th. Even such crypto coin trusts are considered financial products. The reason for considering digital currencies as financial products is that investors can hold large pools of digital currencies. Because if investors can hold large pools of these digital currencies, they can trade shares in the trust.
We know that the Bitcoin Spot ETF was approved on the 10th of this month. And now these related ads are allowed by Google and Google says that this ad has been approved by Google. And also google authority said that if ethereum spot etf gets approval then they will also be allowed to advertise on google.
Here's the thing: Google was the first to ban cryptocurrency-related ads. Besides banning such ads in 2018, they introduced some restrictive policies. But with time they are moving away from this policy. In recent times they have eased this restriction slightly and are allowing advertisements. Recently Google started allowing ads for blockchain-based NFT games. However, Dada has specified some rules in allowing it and in that case they have made it clear that gambling features are not included with these companies. Even Google has given permission to advertise hardware wallets as well. The company also allowed some crypto exchanges and wallets to advertise in the US. They updated some of their policies to allow advertising of some crypto exchanges and wallets in the US. It has extended similar rules to allow advertising of exchanges and wallets internationally. You can see this news for details related to this.
