🎉 U.S. SEC's recent approval of Ethereum ETFs is causing a ripple effect! 🌊 Korean regulators are feeling the heat to follow suit. The world's second-largest crypto got the green light for ETFs on May 24, 2024, after Bitcoin ETFs got the nod in January. This move is seen as a significant bridge between traditional finance and digital assets. However, Korean watchdogs, FSC and FSS, are playing hard to get, insisting that ETFs stick to traditional underlying assets only. 😅

Local data provider, Xangle, calls this stance 'outdated' and urges for a revision. Korean investors are getting antsy, warning that funds might shift to U.S. markets if Seoul doesn't catch up soon. What's your take? Should Korea follow in the U.S.'s footsteps? Comment below! 👇