#ETFs✅ Korean regulators are under increasing pressure to approve cryptocurrency exchange-traded funds (ETFs) following the recent approval of Ethereum spot ETFs by the US Securities and Exchange Commission (SEC).

According to local media, the SEC's decision regarding Ethereum is expected to put pressure on Seoul's financial regulators to reconsider their stance on digital assets.

The SEC approved the creation of ETFs for Ethereum, the world's second-largest cryptocurrency, on May 24, 2024, following its previous approval of Bitcoin ETFs in January 2024.