South Korea under pressure to follow US lead on crypto ETFs.

South Korea is under pressure to follow the US lead and allow ETFs (exchange-traded funds) for crypto assets, specifically $BTC and $ETH . This movement has intensified following the approval of Ethereum #etf in the US, a decision that marks a major step forward in the cryptocurrency market and raises global expectations.

South Korea currently has a cautious stance on crypto assets, with restrictions on trading these assets in the traditional securities market. The country’s Financial Services Commission (FSC) is considering the possibility of allowing crypto ETFs, as an approval decision could not only attract more institutional investment but also keep South Korea competitive with other financial markets.

Meanwhile, there is also an internal debate, with some FSC members being more conservative about financial risks and the regulation needed to protect investors. Despite this, there is growing pressure from both the private sector and analysts for the country to align with international changes, as the crypto market is expanding rapidly.