S.Korea authorities discuss prospects for allowing spot bitcoin ETFs

March 8, 2024--March 4, 2024--South Korean authorities are discussing whether to allow sales of spot bitcoin exchange-traded funds (ETFs) in the country, the financial watchdog chief said on Tuesday.
"Among authorities, I am one of those who are positive about virtual assets, while there are others who are wary, and we need to hear their opinions as well.

We are internally discussing it," said Lee Bok-hyun, governor of the Financial Supervisory Service.

His comments were made in a radio interview in response to a question about authorities' views on spot bitcoin ETFs, which are currently not available to investors in South Korea.