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South Korea Moves Closer to Approving Spot Bitcoin ETFs
- South Korea's Financial Services Commission plans to introduce spot Bitcoin and crypto ETFs by the second half of 2025.
- The move comes amidst growing institutional demand for regulated Bitcoin investment vehicles.
- The roadmap includes measures for investor protection frameworks such as custody, operation, and evaluation standards.
- South Korea aims to approve Bitcoin and crypto ETFs following the success of similar launches in the U.S.
- The initiative aligns with President Lee Jae-myung's campaign pledge to modernize the country's digital capital markets.
- The plan also involves provisions for won-based stablecoins and increased oversight of crypto exchanges.
- Regulators will focus on guidelines for fund structuring, custody arrangements, and investor protections.
- Local exchanges will face new requirements related to fee transparency and market conduct.
- The FSC's roadmap indicates South Korea's intention to provide regulated Bitcoin and crypto investment vehicles.
- Bitcoin is currently trading at $106,006, up 0.93% over the past 24 hours.
- The news article was first published on Bitcoin Magazine and written by Vivek Sen.
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