According to a report by the Korea Herald on July 23, the Financial Supervisory Service of South Korea recently issued verbal guidance to domestic asset management companies, requiring them not to increase the proportion of stocks of crypto companies such as Coinbase and Strategy in ETFs. The regulatory body reiterated that the 'Emergency Measures for Virtual Currency' enacted in 2017 remain in effect. This administrative guidance explicitly prohibits formal financial institutions from holding, purchasing virtual assets, obtaining related collateral, and making equity investments. Data shows that many products currently listed in South Korea hold more than 10.00% of virtual asset-related targets. Among them, the 'ACE U.S. Stock Popular ETF' operated by Korea Investment Trust holds 14.59% of Coinbase. The guidance from the Financial Supervisory Service aims to control the risk exposure of traditional financial products to virtual assets.