TechFlow reports, according to Blockworks, following Hong Kong regulators' preliminary approval of spot Bitcoin and Ethereum ETFs, speculation has emerged that other Asian regulators may follow suit, with South Korea, Japan, and Singapore potentially mirroring Hong Kong’s move to approve virtual asset ETFs.
Karim Saber, Research Associate at crypto ETP issuer 21Shares, said the victory of a Bitcoin-supporting opposition party in South Korea's April elections could lead regulators to approve a Bitcoin ETF as early as this year.
Tim Bevan, CEO of crypto ETP provider ETC Group, expects Japan and South Korea could approve such products within the next 6 to 12 months.
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