South Korea reconsiders crypto ETFs amid global market shift and demand
South Korea’s Exchange Chairman, Eun-Bo Jeong, has signaled interest in introducing crypto-based exchange-traded funds (ETFs) this year, aligning with global demands for such products.
At the Securities and Derivatives Market Opening Ceremony on Jan. 2, Jeong reportedly emphasized the need for innovative financial products to revitalize the country’s capital markets.
Jeong highlighted the economic hurdles faced in the past year, citing challenges such as a contracting domestic economy, reduced export growth, and geopolitical tensions.
He explained that these factors have left South Korea’s financial markets lagging behind their global counterparts. Inspired by the successful international launch of Bitcoin-related financial…
