According to the chairman of the Korea Exchange (KRX), South Korea should introduce a cryptocurrency exchange-traded funds to remain competitive in global finance.
recently Interview In Seoul, Chairman Jung Yun-Bo insisted that the “third largest real cryptocurrency trading country” with South Korea is, delaying Crypto ETF can be left behind the global markets that can already move forward Are you
He pointed to the United States, where both futures and spot bitcoins ETFs “available and actively trading,” as an example of how other markets are embracing changes. Jung said Crypto ETF can bring new opportunities in the country’s financial sector.
“Cryptocurrency represents a field capable of generating new prices in the financial industry […] We should not delay the introduction of Cryptocurrency ETF trading, ”Jung said.
By February 2025, there are a total of 20 cryptocurrency exchange-traded products in the US market, which include both the spot and futures-based offerings. This includes 12 spot bitcoin ETFs, 8 bitcoin strategy ETFs and 9 spot atherium ETFs.
Beyond bitcoin and atherium, the Crypto ETF landscape is expanding to include other digital assets. Asset managers have filed applications for ETFs targeting cryptocurrency such as meme coins such as Solana, XRP, and even dogcoin.
Jung’s comments come at a time when South Korea’s financial sector is struggling with various challenges, including a shrinking investor base and called “zombie companies” – which survive on borrowed funds.
He believes that embracing the cryptocurrency ETF can enrich the market by offering investors in a safe and more regulated manner to reach digital assets. According to him, the introduction of Crypto ETF aligns the financial landscape in the country with its goal of modernization.
Jung also weighed the rules, warned that excessive law could prevent innovation in the market. He also insisted on reducing restrictions on pension fund investment in equity, arguing that highly -ended assets can damage long -term returns.
As was reported by Crypto.news, Jung pushed and thrown into chaos after South Korea’s stock market and was thrown into chaos and failed attempt to declare Suk Yol’s martial law. After a large migration of investors was seen. Speaking at the Securities and Derivatives Market Opening Ceremony 2025, Jung argued that South Korea needs to detect new trade areas.
In October, local media reported that South Korean regulator Crypto was considering approving ETFs, but did not provide a specific timeline. Earlier in the year, Financial Supervisory Service Governor, Lee Bok-Hune indicated on the ongoing discussions to allow the spot bitcoin ETF in South Korea.
