Techub News reports that, according to Korea Economic TV, South Korea's financial regulators have not only banned the issuance of cryptocurrency ETFs for spot and futures products but also rejected funds investing in cryptocurrency companies, including those listed on exchanges. A head of an asset management company stated that their proposal to establish a fund investing in cryptocurrency companies was rejected by the country's Financial Supervisory Service. He mentioned that his company is preparing to launch an ETF focused on the U.S. cryptocurrency exchange Coinbase and similar companies, but still needs to wait for approval from local regulators. Meanwhile, an official from the FSS acknowledged the growing demand for Bitcoin investments but stated that regulatory measures would not be relaxed unless there is a change in the government's current policy.