đKorean regulators are feeling the heat to approve crypto ETFs, after the U.S. SEC gave a thumbs up to Ethereum ETFs. The world's second-largest crypto got the green light on May 24, 2024, following Bitcoin ETFs' approval in January 2024.
đETFs, the golden ticket for investors to gain exposure to a basket of securities, are seen as a bridge between traditional finance and the digital asset industry. But, the Korean FSC and FSS have been playing hard to get, insisting that ETFs stick to traditional underlying assets.
đźThe Korean Stockholders' Alliance head warns that if Seoul doesn't catch up with the U.S., investors might pack their bags and head to U.S. markets. He believes it's only a matter of time before the U.S. rolls out the red carpet for other less-traded cryptos.
đŹWhat do you think? Will Seoul follow suit or continue to play hardball? Drop your thoughts below! #DeFi #Web3 #CryptoNews đ
