Top South Korean presidential hopefuls support legalizing Bitcoin ETFs

South Korea could soon follow Hong Kong in legalizing spot Bitcoin exchange-traded funds (ETFs), as the country’s top presidential candidates express pro-crypto positions. However, some industry observers remain cautious about the likelihood of near-term regulatory change. “All three major South Korean presidential candidates support #Bitcoin ETFs and institutional investment,” Ki Young Ju, the founder and CEO of onchain data platform CryptoQuant, wrote in a May 14 X post. Currently, Bitcoin ETFs and institutional crypto investments are banned in South Korea, meaning that “100% [of the] volume comes from retail,” Ju added source: https://cointelegraph.com/news/south-korean-presidential-candidates-support-bitcoin-etfs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound