El Salvador Continues Bitcoin Accumulation, Adds 12 BTC to Its Reserve
El Salvador has increased its Bitcoin holdings again, bringing its total stockpile to 6,068 BTC, valued at over $554 million.
Rising Demand Among Older Investors – The finance industry chief highlighted a growing interest in Bitcoin and Ethereum ETFs among South Korea’s older population, signalling a shift in traditional investment preferences.
Planned Crypto ETF Listing in 2025 – To meet this demand, efforts are underway to list a cryptocurrency exchange-traded fund (ETF) on the domestic exchange by 2025, allowing regulated exposure to digital assets.
Institutional and Regulatory Considerations – The move reflects broader institutional acceptance of cryptocurrencies, though regulatory approval and compliance will be key factors in launching these investment products.
South Korea’s finance industry is proposing the introduction of Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) to address the country’s ageing population.
Local media reports revealed that South Korea’s Financial Investment Association (KOFIA) has pledged to advocate for the approval of crypto ETFs in the domestic stock market this year. KOFIA chief Seo Yoo-seok said, “While there is a growing appetite for cryptocurrencies among investors over 50, direct exposure to cryptocurrencies could pose risks. Instead, regulated financial products based on Bitcoin and Ethereum may offer a safer alternative.” According to a leading financial executive, elderly investors in South Korea are increasingly seeking exposure to digital assets through regulated financial products.
South Korea’s older generation has traditionally been known for its conservative investment strategies, favouring real estate and savings accounts. However, with diminishing returns in traditional markets and the rising global adoption of cryptocurrencies, many senior investors are exploring ways to gain exposure to crypto without the risks associated with direct trading. Financial experts believe that BTC and Ether ETFs could provide a viable solution, allowing elderly investors to benefit from digital asset growth without navigating the complexities of crypto exchanges and wallets.
Despite the growing demand, South Korea’s regulatory environment remains a key barrier to launching BTC and Ether ETFs. The country’s Financial Services Commission (FSC) has maintained strict oversight of digital assets, focusing on anti-money laundering (AML) measures and investor protection. While the government has hesitated to approve crypto ETFs, financial experts argue that such products could bring greater transparency and security to crypto investments.
Market analysts highlight the potential for ETFs to attract a significant portion of South Korea’s elderly investors, many of whom are looking for alternative investment opportunities as interest rates remain low. Countries like the United States and Canada have already introduced BTC ETFs, setting a precedent for regulated crypto investment vehicles that South Korea could follow.
Industry leaders are pushing for dialogue between regulators and financial institutions to establish a framework for BTC and Ether ETFs in South Korea. They argue that ETFs would benefit senior investors and contribute to the legitimacy of the broader crypto market in the country.
Experts suggest that the government consider a phased approach, initially allowing institutional-grade crypto ETFs before opening them to retail investors, including seniors. Additionally, incorporating investor education programs would help older generations understand the benefits and risks associated with crypto ETFs.
As South Korea continues to evolve as a global financial hub, introducing Bitcoin and Ethereum ETFs could be a crucial step in bridging the gap between traditional investors and the digital asset economy. If regulators and financial institutions align on a strategic approach, South Korea’s elderly population may soon gain safer and more regulated access to cryptocurrencies.
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