South Korea Urges Regulator to Reconsider Stance on Spot Bitcoin ETFs
The South Korean Office of the President is urging the financial regulator to reconsider its stance on approving a local Bitcoin exchange-traded fund (ETF).
The South Korean Office of the President is urging the financial regulator to reconsider its stance on approving a local Bitcoin exchange-traded fund (ETF).
According to Arthur Hayes, co-founder of the crypto exchange BitMEX, central banks will resume their printing of money in 2024.
JPMorgan analysts predict that if approved, registered Bitcoin ETFs could bring in up to $36 billion,.
According to a statement released by the Financial Services Commission (FSC) of South Korea, there may be a violation of Korean law by US Bitcoin ETFs that have recently been listed.
Robinhood CEO Vlad Tenev announced that his company will quickly start offering spot bitcoin exchange-traded funds.
Despite a delay on Tuesday, the SEC has now given approval for some investment companies to offer spot Bitcoin exchange-traded funds.
The price of Bitcoin is expected to undergo a 20-30% correction in the upcoming months due to a decrease in dollar liquidity.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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