On May 14th, Ki Young Ju, the founder and CEO of CryptoQuant, shared on the X Platform that all three leading presidential candidates in South Korea exhibit strong support for a Bitcoin spot ETF and the facilitation of institutional investment. Despite this political backing, the South Korean regulatory environment remains restrictive, as the country currently prohibits Bitcoin ETFs and large-scale institutional participation. As a result, the crypto market in South Korea relies heavily on retail investors, with a striking 100% of its trading volume attributed to this demographic. The push for a Bitcoin ETF could signal a potential shift in policy, which may unlock significant liquidity and broaden participation in the crypto space, fostering further market development.
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