Lee Jae-myung Pledges to Greenlight Crypto ETFs—Wall Street’s Next Fee Machine?

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2025-05-07 07:47:28

South Korean presidential hopeful Lee Jae-myung vows to approve crypto ETFs

South Korea’s presidential contender Lee Jae-myung just threw crypto investors a bone—or maybe a grenade. His campaign vow to approve cryptocurrency ETFs could turbocharge institutional adoption... or give hedge funds fresh ammo to pump-and-dump retail.

The Policy Play:
If elected, Lee would override Korea’s notorious crypto skepticism, letting asset managers list Bitcoin and altcoin funds. Analysts whisper this might pressure the FSA to soften its anti-crypto stance.

The Catch:
Remember when Grayscale’s BTC trust traded at a 30% premium? Yeah, Wall Street’s already salivating over the arbitrage play. ’Innovation’ here smells suspiciously like another way to skim 2-and-20 fees from pension funds.

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