South Korea is gradually approaching the decision on Bitcoin ETF. The Financial Supervisory Service of South Korea has reviewed the legislative trend of digital assets by the Financial Services Agency of Japan and shared it with domestic relevant institutions. Japan has been cautious about digital assets in the past, but is now considering positioning cryptocurrencies as financial products and may lift the ban on cryptocurrency ETFs.

Vice Chairman Kim Soo-young of the Financial Services Commission of South Korea stated that they will "carefully review" the spot Bitcoin ETF. It is worth noting that over 30% of South Koreans invest in cryptocurrency assets, despite facing political turmoil, the government is still pushing for cryptocurrency regulation, including allowing charities and universities to sell cryptocurrency donations starting in the second half of 2025.