South Korea to Launch Spot Bitcoin ETF This Year

South Korea is poised for major changes in its cryptocurrency market this year, with the People Power Party announcing plans to launch a spot Bitcoin ETF. The party has outlined seven key regulations aimed at bolstering the virtual asset ecosystem, including permission to trade digital asset ETFs, set to commence in the latter half of 2023. This marks a significant step forward for South Korean investors, who will now have the opportunity to invest in exchange-traded funds linked to major cryptocurrencies like Bitcoin and Ethereum.