South Korea’s Presidential Candidates Back Bitcoin ETFs
- Historic political backing for institutional crypto investments.
- Promises to amend previous regulatory bans.
- Potential boost to both local and global crypto markets.
South Korea’s three major presidential candidates have endorsed Bitcoin ETFs, aiming to support institutional crypto investment. The announcement came ahead of the June 2025 election, marking a potential shift in the nation’s regulatory approach.
These endorsements signify a shift toward a crypto-friendly regulatory environment, potentially boosting South Korea’s market influence. Immediate reactions highlight anticipation for increased liquidity and institutional presence.
Support for Bitcoin ETFs
Ki Young Ju, CEO of CryptoQuant, shared that all three candidates support Bitcoin ETFs, which are currently banned, limiting growth to retail. A regulatory change is expected to bring more institutional capital into South Korea. source Lee Jae-myung, frontrunner and Democratic Party leader, has pledged crypto-friendly policies if elected. The identities of other supportive candidates are confirmed but not named, emphasizing the consensus on this issue.
Regulatory and Market Implications
Regulatory changes could lead to increased market liquidity, drawing institutional investors to South Korea’s crypto market. This could also influence global Bitcoin prices, given South Korea’s market size. View Tweet
The shift promises to transform South Korean crypto dynamics, aligning with markets embracing institutional investment. This electoral focus may pressure the government to act on these proposals if the candidates win.
The implications span financial, regulatory, and market domains. Allowing ETF approvals could mature this market and remove volatility, with global precedents like the US showing potential positive effects on prices and trading behaviors.
Technological Advancements
These changes may advance financial technologies, enhancing South Korea’s stance in the global crypto sector. The candidates’ unified stance could accelerate this transition, fostering a supportive environment for innovations and investments. View Tweet
| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
