Meta Teams Up with Google To Greenlight Bitcoin ETF

Major tech companies have already begun to show interest in the cryptocurrency space, as evidenced by the significant inflows seen over the past 20 days into well-managed products like Bitcoin ETFs. Other players like Meta are probably going to jump on the Bitcoin ETF bandwagon shortly, because the advertisements went live earlier this week on YouTube and Google Search.

In a significant remark, Nate Geraci, President of ETF Store, has indicated the possibility that Facebook and Instagram could soon allow the promotion of advertisements for Bitcoin Exchange-Traded Funds (ETFs).

However, Geraci’s observation suggests a possible change in advertising regulations on widely used social media platforms. There is anticipation that these platforms might soon allow advertisements associated with spot Bitcoin ETFs.

Describing Facebook as a possible attraction for older users, Geraci suggests that the social media platform’s substantial audience of older individuals could be instrumental in expanding the visibility of Bitcoin ETF advertisements.

Bitcoin ETF Ads On Social Media: Catalyst For Crypto Advancement

As the realms of cryptocurrency and ETFs increasingly converge, the potential integration of Bitcoin ETF advertisements by major social media platforms could signify a noteworthy advancement for the cryptocurrency industry.

Moreover, exploring the placement of Bitcoin ETF advertisements on Facebook and Instagram could prove compelling, given the substantial user presence of millennials and Gen Z on these platforms, demographics known for their heightened interest in the crypto sphere. Nevertheless, it’s worth noting that not all entities are open to featuring cryptocurrency advertisements.

Meta, the parent company of Facebook, appears to be undergoing a significant transformation, evident in the remarkable 20% surge in Meta (NASDAQ: META) stock price on Friday, February 2, following the announcement of its inaugural dividend payout. With an authorization of $50 billion for share repurchases, the company also declared a quarterly dividend of 50 cents per share.

Notably, Meta will enter the competitive arena of AI alongside major tech players such as Microsoft and Alphabet. The company has showcased progress in AI through the introduction of the Llama 2 model, and the forthcoming Llama 3 indicates a continuous commitment to innovation in this domain.

The author’s views are for reference only and shall not constitute any investment advice. Please ensure you fully understand and assess the products and associated risks before purchasing.