South Korean, Japanese and Singaporean Regulators May Follow Hong Kong in Approving Spot Bitcoin ETFs

After Hong Kong regulators approved in-principle spot bitcoin and ethereum ETFs, other Asian regulators are likely to follow suit, with South Korea, Japan and Singapore following Hong Kong's lead in approving ETFs for virtual assets. Karim Saber, Research Associate at 21Shares, an issuer of cryptocurrency ETPs, said that the victory of pro-bitcoin South Korea's opposition party in the April elections could lead to regulators approving bitcoin ETFs as early as this year. Karim Saber, a research associate at 21Shares, said the victory of the pro-bitcoin opposition party in South Korea in the April elections could lead to regulators approving bitcoin ETFs as early as this year, while Tim Bevan, chief executive officer of cryptocurrency ETP issuer ETC Group, expects Japan and South Korea to approve such products in the next six to 12 months.