South Korea, Japan and Singapore regulators may follow Hong Kong’s lead in approving spot Bitcoin ETFs

After Hong Kong regulators approved spot Bitcoin and Ethereum ETFs in principle, other Asian regulators may also take similar actions. South Korea, Japan and Singapore may follow Hong Kong's example and approve virtual asset ETFs. Karim Saber, a research assistant at 21Shares, a cryptocurrency ETP issuer, said that the victory of the pro-Bitcoin South Korean opposition party in the April election may lead to regulators approving Bitcoin ETFs as early as this year; Tim Bevan, CEO of ETC Group, a cryptocurrency ETP issuer, expects Japan and South Korea to approve such products in the next 6 to 12 months. (Blockworks)