South Korean Watchdog Warns Against Bitcoin ETFs, Citing Risks to Local Economy and Financial Stability

South Korea’s financial authorities have raised concerns about the impact of spot crypto Exchange-Traded Funds (ETFs) on the local economy. The introduction of these ETFs is feared to potentially divert significant investment away from traditional markets. “The adoption of spot ETFs could undermine financial stability,” warns the Korean Financial Institute (KFI). South Korean financial experts

Source: CoinOtag