Virtual Asset ETFs: Min Byung-duk Proposes Crypto ETF Bill

27 June, 2025, 12:30 PM

Representative Min Byung-duk of the Democratic Party of Korea has proposed an amendment to the 'Capital Market and Financial Investment Business Act' to pave the way for Bitcoin and other virtual asset ETFs. This amendment seeks to broaden the definition of underlying assets for financial investment products to include digital assets. The proposed change will enable the creation of Exchange Traded Funds (ETFs) based on digital assets, providing investors with a regulated and accessible way to gain exposure to the cryptocurrency market. This also establishes a legal framework for trustees to manage and safeguard these digital assets. This move could significantly impact the investment landscape, potentially attracting institutional investment and boosting the adoption of virtual assets. The hope is that such regulations will create a safer and more transparent environment for digital asset investment. ```