- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Crypto Markets Watch South Korea as Candidate Commits to Bitcoin ETF Approval
By: crypto news flash|2025/05/07 21:45:02
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 MilestonesInflows 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.Source: SantimentFollowing 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.
You may also like
2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.
BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?
This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.
50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?
Due to a fatal flaw in the transaction path, a $50 million DeFi operation was executed with almost zero protection, resulting in nearly the entire amount of funds evaporating in a tiny liquidity pool.
The Cryptographic Past of the Middle East
Reality is often more exciting than fiction.
Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin
When the baby boomer generation collectively sells off, who will become the "greater fool" in the next round of asset crashes?
Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.
Vitalik wrote a proposal teaching you how to secretly use AI large models
Vitalik believes that in the AI era, users should not have to give up their identity to use an AI tool.
On the eve of the explosion of on-chain options
Options are becoming a new anchor in the cryptocurrency market.
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition
Forty years ago, a technological revolution broke the isolation of information, reshaping Wall Street. Forty years later, Grvt aims to break the isolation of capital with an on-chain prime brokerage model.
That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze
A skilled person never picks the table, they eat meat with every bite.
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.
Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments
Stablecoins are transitioning from a speculative tool to real financial scenarios such as payments, cross-border transfers, and store of value.
From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units
When the same unit can both measure hashing power and facilitate payments, it ceases to be just a term and begins to evolve into a new currency of both value and influence.
Why is OpenAI playing catch-up to Claude Code instead?
Anthropic Bets Earlier on AI Programming, OpenAI Strategic Tempo Misaligned
Vitalik wrote a proposal teaching you how to secretly use AI large models
Vitalik believes that in the AI era, users should not have to sacrifice their identity to use an AI tool.
The doubling of Circle's stock price and the paradigm shift of stablecoins
The initial investments from Circle and Stripe, whether it is the R&D expenses for Arc, the high financing costs associated with Tempo, or the billion-dollar acquisitions of Bridge-type assets, are more akin to "placement fees" rather than commercially recoverable investments in the short term.
2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?
The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.
BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?
This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.
50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?
Due to a fatal flaw in the transaction path, a $50 million DeFi operation was executed with almost zero protection, resulting in nearly the entire amount of funds evaporating in a tiny liquidity pool.
The Cryptographic Past of the Middle East
Reality is often more exciting than fiction.
Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin
When the baby boomer generation collectively sells off, who will become the "greater fool" in the next round of asset crashes?
Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.
App