South Korea’s Presidential Race Fuels Bitcoin ETF Approval Momentum

In a race for the South Korean presidency, Democratic Party leader Lee Jae-myung has pledged to approve spot Bitcoin ETFs if elected. This promise comes as BlackRock’s IBIT ETF witnesses an impressive 16-day streak of net inflows. Jae-myung’s support extends beyond just approving Bitcoin ETFs; he also intends to introduce pro-crypto measures aimed at fostering investment opportunities for South Korea’s youth. According to a recent survey, Lee holds a commanding lead with 42% support ahead of the June 3rd election.