South Korean Regulators Prepare for Spot Crypto ETFs This Year
South Korea's financial regulator has advanced plans to introduce spot cryptocurrency ETFs and won-denominated stablecoins by the second half of 2024. The move signals growing institutional acceptance of digital assets in Asia's fourth-largest economy.
Market participants anticipate the approval will catalyze fresh capital inflows into major cryptocurrencies. The development follows similar ETF approvals in the US and Hong Kong, reinforcing a global trend toward regulated crypto investment vehicles.