South Korea FSS Restricts Firms From Including Coinbase, Strategy in ETF Portfolios
Main Idea
South Korea's Financial Supervisory Service (FSS) restricts domestic ETFs from including crypto-related stocks like Coinbase and MicroStrategy, citing the need for compliance with existing digital asset guidelines.
Key Points
1. The FSS prohibits South Korean ETFs from including stocks of crypto companies such as Coinbase and MicroStrategy, aiming to limit the proportion of crypto-related assets in ETFs.
2. An FSS official stated that while crypto regulations differ between the U.S. and South Korea, no specific laws or guidelines have been established yet.
3. Some domestic ETFs already hold significant proportions of 'coin theme' stocks, such as the 'ACE US Stock Bestseller ETF' with 14.59% Coinbase exposure.
4. The market argues that restricting only domestic ETFs is unfair, as investors can still access crypto exposure through U.S.-listed ETFs.
5. South Korea has had digital asset guidelines since 2017, but enforcement remains inconsistent, with passive ETFs being difficult to exclude from regulations.
Description
The Financial Supervisory Service (FSS), South Korea’s integrated financial regulator, has recommended asset management firms “not to excessively include” crypto stocks like Coinbase and Strategy in their ETFs portfolios. The regulator has issued verbal guidance to domestic firms, restricting the proportion of crypto companies in ETFs, Herald reported . The directive indicates that the 2017 administrative guidance related to virtual currencies is still valid and must be followed. Additionally, t...
Latest News
- CoinShares First EU Asset Manager to Gain MiCA Authorisation2025-07-23 12:51:50
- Why Is Crypto Up Today? – July 23, 20252025-07-23 12:35:45
- Crypto Billionaire Arthur Hayes Predicts Bitcoin Will Hit $250,000, ETH $10K by End of 2025 – Bull Market Heating Up?2025-07-23 12:33:19
- BNB Hits New ATH at $800 as Altseason Index Holds Above 50 – Is Altseason Finally Here?2025-07-23 12:32:37
- Denver Pastor and Wife Indicted in $3 Million Faith-Based Crypto Scam2025-07-23 12:31:49