According to Foresight News, The Block reported that the Korea Financial Research Institute said in its latest report that the launch of crypto spot ETFs may bring more troubles to the Korean economy rather than "benefits". Allowing such products to go online may cause side effects such as "less efficient resource allocation, increased risk exposure related to cryptocurrencies in financial markets, and weakened financial stability", causing the crypto market to intercept a large amount of cash flow for the local financial market, "which may mean" a reduction in investment in local industries.
