Interest in the search for 'Ethereum ETF' has hit an all-time high on Google Trends in the US over the past 12 months.

Following the approval of spot Bitcoin exchange-traded funds by the US Securities and Exchange Commission (SEC) last week, the focus now appears to be shifting to the likelihood of a similar product for Ethereum, the second largest crypto by market capitalisation.

For the week ending 13 January, interest in the 'Ethereum ETF' search term rose to a peak popularity score of 100, the highest in the last month, according to findings by Finbold.

Indeed, between 6 and 14 January, interest soared by 455%.

Regarding regional interest, Oregon and Alabama are out in front, with a popularity score of 100. In third place is Nevada with a score of 94, followed by New Jersey with 85 and Washington in fifth place with a score of 81.

There was a surge in interest in the Ethereum ETF after the CEO of BlackRock, Larry Fink, stated he "sees value" in the product.

Indeed, BlackRock is one of the applicants currently awaiting feedback from the SEC in regard to the spot Ethereum ETF application.

The US financial regulator is due to make a decision on the Ethereum ETF in May.

However, there is speculation the product may come up against a series of setbacks as it is classed as a security by regulators.

Amidst the rumours, Ethereum is currently experiencing buying pressure, Finbold reports, whilst Bitcoin may lose the $40,000 support zone.

At the time of writing, Ethereum registered more than 13% weekly gains, trading at $2,537.