Odaily Planet Daily News: After the U.S. SEC recently approved the spot Ethereum ETF 19B-4 form, South Korean regulators are facing increasing pressure to approve cryptocurrency ETFs. According to local media reports, the U.S. SEC's decision on Ethereum is expected to put pressure on South Korean financial regulators to reconsider their stance on digital assets. Unlike the United States, South Korea's Financial Services Commission (FSC) and Financial Supervisory Service (FSS) are cautious about introducing crypto asset trading in traditional securities markets. According to FSC regulations, ETFs must strictly comply with the Capital Markets Act, which stipulates that ETFs must only be linked to traditional underlying assets. These assets include mature financial instruments, securities, international currencies, and commodities, which provide the basis for financial derivatives. According to Korea Times, Xangle, a Seoul-based digital currency data provider, publicly opposed the ban on digital assets in the traditional securities market, calling it "outdated" and in need of revisions to accommodate the growing importance of digital assets in modern finance. Jung Eui-jung, head of the Korean Stockholders’ Alliance, also stressed the importance of Seoul following the United States and approving Bitcoin and Ethereum ETFs. Jung warned that if South Korean regulators continue to make no progress while the United States is making progress, investors may move funds to the U.S. market, saying that "it will be a matter of time before the U.S. fully opens its doors to other less traded cryptocurrencies." (Cointelegraph)