The chairman of the Korea Exchange (KRX), Eun-Bo Jeong, has expressed interest in launching a cryptocurrency-based ETF this year to meet global demand for such products. At the opening ceremony of the securities and derivatives market on January 2, Eun-Bo Jeong emphasized the importance of innovative financial products in revitalizing the Korean capital market. Last year, the Financial Services Commission (FSC) of South Korea banned asset management companies from offering ETFs linked to cryptocurrency-related companies like Coinbase. However, due to regulatory hurdles, the potential for crypto ETFs remains uncertain. Ki Young Ju, CEO of CryptoQuant, expressed concerns about South Korea's readiness to approve such products. He compared South Korea's cautious regulatory stance to that of the U.S. SEC, whose resistance to crypto ETFs has delayed their launch for over a decade, until 2024.

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