South Korea, Japan and Singapore regulators may follow Hong Kong’s lead in approving spot Bitcoin ETFs

After Hong Kong's regulatory agency's principle approval of Bitcoin and Ethereum ETFs, other Asian regulatory agencies may also take similar actions. South Korea, Japan, and Singapore may follow Hong Kong in approving virtual asset ETFs. Karim Saber, a research assistant at cryptocurrency ETP issuer 21Shares, stated that South Korea's opposition party, which supports Bitcoin, won in the April elections, which could lead to regulatory agencies approving Bitcoin ETFs as early as this year. Tim Bevan, CEO of cryptocurrency ETP issuer ETC Group, expects that Japan and South Korea may approve such products within the next 6 to 12 months.