Reportedly Meta decided to promote Bitcoin spot ETF products, following a similar kind of decision by internet giant Alphabet.
Bitcoin spot ETF products are those regulated financial assets which provide investment in top digital asset Bitcoin from the stock exchanges, on behalf of the ETF issuers. So far 11 Bitcoin spot ETF products approved by the United States Securities and Exchange Commission (SEC) in the last month of this year.
As per reports, Meta (formerly Facebook) planned to run ads related to Bitcoin spot ETF products on its multiple social media platforms like Instagram, Facebook, Threads, etc.
ETF Store President Nate Geraci shared this information with his X (formerly Twitter) followers.
Notably, the decision on the advertisement of these financial products by Alphabet’s Google was taken a week ago. From Monday of this week, they started Bitcoin spot ETF advertisements via YouTube, and monetized partnered websites.
All such developments are proof that every top company in this world is ready to enjoy the Bitcoin vehicle.
It is worth it to note that In the present time a huge number of companies, including institutions as well as insurance companies, are planning to invest in Bitcoin via Bitcoin spot ETF products to diversify their portfolio.
Last week, the world’s top fund manager, BlackRock started high-level promotion and also held a meeting with investors to explain to them the opportunity to invest in Bitcoin.
Bitcoin price action
The current trade price of Bitcoin (BTC) is $42, 991 & this trade price is 2% high over the last 7 days of trade price.
The current market sentiment is neutral and everyone is expecting a better level of dump in the within next few weeks & if it happens then surely it will be a very big opportunity to accumulate some fraction of Bitcoin before Bitcoin halving.
Read also: Binance’s sensitive data leaked on GitHub