South Korea’s upcoming presidential election has brought renewed focus on the potential for legalizing spot Bitcoin exchange-traded funds (ETFs). Democratic Party leader Lee Jae-myung, promising to reduce trading fees and foster a safer investment climate for younger generations, is advocating for such ETFs. However, experts warn that past promises haven’t translated into concrete policy changes, highlighting the complex path ahead for Bitcoin regulations in South Korea. The country currently prohibits institutional investment in cryptocurrencies, with retail participants driving trading volume. This could potentially shift as political leaders embrace a more favorable regulatory approach to digital assets, which aligns with global trends.