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
New York Fed: Expectations for future financial conditions declined in October
Strategy: Perpetual Preferred Stock STRE Fundraising Scale Increased to $715.1 Million
glassnode: Bitcoin options data shows the market remains in a state of panic