Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Crypto Markets Watch South Korea as Candidate Commits to Bitcoin ETF Approval
By: bitcoin ethereum news|2025/05/08 07:45:02
0
Share
South Korean presidential candidate Lee Jae-myung has pledged to legalize spot Bitcoin ETFs and implement crypto-friendly policies upon election. The ruling People Power Party has also proposed legalizing spot crypto ETFs, revising restrictive banking rules, and introducing a stablecoin framework. The US Bitcoin ETFs have skyrocketed since mid-April by once again attracting institutional interest worldwide. Interestingly, the South Korean presidential candidates are now using them as an election tool in order to lure voters during the upcoming election, as mentioned in our previous story. Lee Jae-myung, the leader of South Korea’s Democratic Party leader, has assured his voters the approval for spot Bitcoin ETF and other crypto ETFs, if elected to power. In addition, the leader has also vowed to bring other crypto-friendly policies. “I will create a safe investment environment so that young people can [build]assets and plan for the future,” said Lee Jae-myung, as reported by the Korea Economic Daily (KED). Lee pledged to legalize spot crypto ETFs, reduce transaction fees, and implement stronger consumer protection measures. As per the internal survey, Lee’s Democratic Party of Korea leads the presidential race with 42% support, while acting President Han Duck-soo trails at 13%. Besides, it is also the first time Lee has incorporated cryptocurrency into his presidential campaign platform. South Korea’s ruling People Power Party also announced crypto policy proposals in late April, including the legalization of spot crypto ETFs, the removal of the contentious one-exchange-one-bank rule, and the creation of a regulatory framework for stablecoins. Moreover, as highlighted in our previous report, South Korea has also been extending access to crypto investments to nonprofits, exchanges, and others. Bitcoin ETF Demand Picks Up Again With Key Milestones Inflows into spot Bitcoin ETFs have shot up significantly since mid-April with BlackRock iShares Bitcoin Trust (IBIT) leading the pack with 16 consecutive days of inflows. As the market anticipates the upcoming FOMC decision, Bitcoin’s resilience is bolstered by strong ETF inflows. Since April 16, a remarkable $5.13 billion has poured into Bitcoin ETFs, providing significant support and fueling market optimism, reported blockchain analytics firm Santiment. Following Donald Trump’s resuming office at the White House earlier this year, crypto ETFs have been in huge demand as asset managers have been rushing to file for multiple ETFs. VanEck has recently been pushing for the BNB ETF, while the crypto community is also pinning high hopes on the Dogecoin ETF and regulatory approval. However, market analysts believe that the U.S. Securities and Exchange Commission (SEC) will do further assessment before approving crypto ETFs, which are likely to arrive by the year-end. Source: https://www.crypto-news-flash.com/crypto-markets-watch-south-korea-as-candidate-commits-to-bitcoin-etf-approval/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-markets-watch-south-korea-as-candidate-commits-to-bitcoin-etf-approval
You may also like
From Human Application to Intelligent Collaboration: How GOAT Network Builds the Next Generation Digital Economy
Embracing the Era of Super Individuals: GOAT Network launches Bitcoin-secured Layer 2 exclusive infrastructure, fully empowering AI entities to usher in a new era of fully automated digital economy.
CZ Washington Dialogue: Crypto Entrepreneurs are Accelerating Their Return to the United States
CZ connects with the DC Blockchain Summit: The prison memoir is about to be published, harshly criticizing the inaccuracies of traditional media reports, and pointing out that if the U.S. wants to become the "global crypto capital," it urgently needs to introduce more sufficient market competition t...
Morning Report | Strategy increased its holdings by 1,031 bitcoins last week; Katana Blockchain acquires IDEX; NYSE completes rule change to eliminate trading limits on crypto ETF options
Overview of Important Market Events on March 23
Electric Capital: Tracking 501 types of yield-generating RWA assets, we discovered these patterns
From private credit to GPU leasing, from catastrophe bonds to music royalties, the range of tokenizable assets is much richer than the market perceives. However, the biggest challenge is not technology, but distribution—existing RWAs heavily rely on a few large deployers, and the concentration of ri...
Those who are cut off by AI will not disappear; they will become the creators of the next round of the economy
AI is not eliminating people, but rather the superstition of "stable careers": those who break the shackles of organizations and understand how to rewrite themselves are ushering in the ultimate revenge.
Stablecoins reshaping cross-border payments in Asia? Strategic panorama and investment opportunity analysis
With the popularity of local payment channels, the costs of traditional transfers have been significantly reduced, and the fees are now mainly concentrated in the domestic settlement phase, which is precisely what stablecoins cannot bypass.
Zuckerberg is building an AI agent to help him as CEO
Zuckerberg is reported to be personally developing a "CEO proxy" to accelerate information acquisition and reduce management layers.
Bloomberg: Swiss Private Bank Old Guard Rifts, Is Bitcoin the Spark?
For Marc Syz, this is both a bet on the digital asset track and a complete break from Switzerland's long-established private banking dynasty.
Zuckerberg is building an AI assistant to help him be CEO
Mark Zuckerberg has been reportedly personally developing a "CEO Proxy" to speed up information flow and reduce management layers.
Join WEEX AI Wars II: How WEEX API, Trader Skills Empower AI Trading Innovations
Join WEEX AI Wars II and be part of a global AI trading revolution. Compete with top AI agents and bots, showcase your strategies, and leverage WEEX API and Trader Skill to innovate, automate, and gain exposure in the AI trading ecosystem. Onboard your AI agent to WEEX AI Wars II NOW.
What kind of scenario will Backpack's TGE today play out in the bear market opening?
Currently, the Polymarket market gives an 87% probability to the event of its fully diluted valuation surpassing $200 million on the day after its launch.
Polymarket Ten Million Dollar Winner Retrospective: 40 Addresses, 100,000 Transactions, Only Three Ways to Make Money
The difference between the three is not in the parameters, but in playing entirely different games.
The Most Brutal Single-Month Plunge in 43 Years, Gold's Every Top Looks Like This
In the first three peaks, the central bank was not a net buyer of gold
Jiang Xueqin's Latest Interview Transcript: How to View the Current Global Changes
Iran's Next Move, Trump's War Plan, and Israel's Plot to Sabotage It
Maximize Your USDT Yield: The Weex Auto Earn Strategy for Passive Crypto Income
Learn how to earn interest on USDT with WEEX Auto Earn. Discover how stablecoins can generate passive income and why some platforms now offer up to 300% APR.
1 million investment yields over 1 billion return, Airwallex co-founder Liu Yueting reviews key life investments
At 25, all in with millions of dollars, at 34 worth 3 billion, Lucy Liu, co-founder of Airwallex, shares her ten-year wealth creation logic: betting on the right track, building a deep moat with licenses, and fully embracing AI intelligent finance by 2026.
Polymarket Millionaire Review: 40 addresses, 100,000 transactions, only three ways to make money
The differences between the three categories are not due to different parameters, but rather because they are playing completely different games.
Four Key Truths and Cost Traps Behind Polymarket LP Market Making Incentives
The potion left in the witch's hand is still poison; let's wait for Polymarket's major announcement tomorrow.
From Human Application to Intelligent Collaboration: How GOAT Network Builds the Next Generation Digital Economy
Embracing the Era of Super Individuals: GOAT Network launches Bitcoin-secured Layer 2 exclusive infrastructure, fully empowering AI entities to usher in a new era of fully automated digital economy.
CZ Washington Dialogue: Crypto Entrepreneurs are Accelerating Their Return to the United States
CZ connects with the DC Blockchain Summit: The prison memoir is about to be published, harshly criticizing the inaccuracies of traditional media reports, and pointing out that if the U.S. wants to become the "global crypto capital," it urgently needs to introduce more sufficient market competition t...
Morning Report | Strategy increased its holdings by 1,031 bitcoins last week; Katana Blockchain acquires IDEX; NYSE completes rule change to eliminate trading limits on crypto ETF options
Overview of Important Market Events on March 23
Electric Capital: Tracking 501 types of yield-generating RWA assets, we discovered these patterns
From private credit to GPU leasing, from catastrophe bonds to music royalties, the range of tokenizable assets is much richer than the market perceives. However, the biggest challenge is not technology, but distribution—existing RWAs heavily rely on a few large deployers, and the concentration of ri...
Those who are cut off by AI will not disappear; they will become the creators of the next round of the economy
AI is not eliminating people, but rather the superstition of "stable careers": those who break the shackles of organizations and understand how to rewrite themselves are ushering in the ultimate revenge.
Stablecoins reshaping cross-border payments in Asia? Strategic panorama and investment opportunity analysis
With the popularity of local payment channels, the costs of traditional transfers have been significantly reduced, and the fees are now mainly concentrated in the domestic settlement phase, which is precisely what stablecoins cannot bypass.
App