Korean Think Tank Claims Spot Crypto ETFs Hurt Local Economy

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The Korea Institute of Finance’s latest report on spot crypto ETFs states that these funds may weaken the local economy. Currently, South Korean regulators prevent local issuers from launching crypto ETFs.

The Korea Institute of Finance (KIF) warned in a Sunday report that allowing spot crypto exchange-traded funds (ETFs) could have negative side effects. They cited concerns such as increased inefficiency in resource allocation, greater exposure to crypto-related risks in the financial market, and weakened financial stability.

The think tank explained that crypto ETFs might divert substantial cash flows away from the local financial market to the crypto market, reducing the investment available for local industries.

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