South Korea’s Democratic Party won the election and promised to allow Bitcoin spot ETFs
According to Mars Finance news, Bitcoin Archive posted on the X platform that South Korea’s Bitcoin-supporting Common Democratic Party won the congressional election and will form a government. Previously, the Democratic Party had promised to lift restrictions on ETFs that directly hold tokens, including U.S. Bitcoin products. It is reported that more than 6 million South Koreans (more than 10% of the population) own Bitcoin or cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The HyperLiquid team has unstaked 2.6 million HYPE tokens, of which 609,000 were sent to an OTC platform.
Publicly listed company Prenetics increases its total bitcoin holdings to 504.
BTC holdings of the Australian Monochrome spot Bitcoin ETF have risen to 1,158.