As per a few reports, South Korea is gearing up to allow investors to trade digital assets spot ETF. A report by Edaily notes that the party in power in the nation is planning to allow the trading of the ETF this year.
The move of South Korea is largely appreciated as it is the 1st time that the traders and investors in the nation can now directly invest in ETFs of primary cryptocurrencies like Bitcoin and Ethereum.
Park Soo, Min a representative, said it’s about time, South Korea has allowed for crypto ETFs, as major nations like the United States, the United Kingdom, and Hong Kong have already approved the trading of ETFs of Bitcoin and Ethereum.
ETFs are one of the transformative products in the history of blockchain
1st crypto-based exchange-traded fund was launched in January 2024, and the launch of Bitcoin ETF has become one of the game-changing products for blockchain investment products. And following the approval, leading players of the global market like BlackRock, Fidelity Investments, and GrayScale, including others.
By January 2025, IBIT alone had surpassed several well-known gold ETFs with net inflows of over $37 billion and total assets of over $52 billion. The SEC’s approval of Ethereum spot ETFs in May 2024 expanded access to blockchain assets even more.
U.S. Bitcoin ETFs had assets under management (AUM) of over $108.9 billion by November 2024, which accounted for 5.35% of the total market value of Bitcoin.
One of the most successful ETF launches ever, BlackRock’s iShares Bitcoin Trust (IBIT) alone surpassed $52 billion in AUM by January 2025. The AUM of Bitcoin ETFs alone might reach $180–$240 billion if they continue to grow at a rate of 6% in relation to the market capitalization of Bitcoin.
Assuming modest regulatory advancements and market expansion, the whole crypto ETF market, including Ethereum and new altcoin ETFs, may reach $250–300 billion by 2030.
Crypto market price updates
When writing, the crypto market cap was $2.98 trillion, and the volume was $84.72 billion, and the crypto fear and greed index was at 53, indicating neutrality in the wider market.
Bitcoin is exchanging hands at $94,970 with a surge of 10% in a week, but its market capitalization was below $2 trillion at $1.88 trillion. Ethereum is trading below $2,000 at $1,825, and the market cap is $220.65 billion, and the trading volume is $16.37 billion with a surge of 39.24%.
In the past few days ,Ether prices are up by 12.26% in a week, however, the market dominance of ETH has fallen significantly over the months.
