Virtual Asset ETFs Gain Traction KB Securities analyst Ji-won Kim highlights the increasing momentum in launching ETFs with virtual assets as underlying assets. Following the SEC's approval of Bitcoin and Ethereum spot ETFs, efforts are underway to introduce various ETFs. Factors to Observe Kim notes several key factors to watch, including: Options for BTC and ETH spot ETFs Index ETFs covering multiple altcoins * Approval of Solana spot ETFs in Brazil Challenges and Uncertainties Despite the positive outlook, Kim cautions that immediate ETF launches are unlikely. Policy uncertainties in the upcoming US presidential election may hinder progress.