South Korea promises to approve BTC ETF, Ibit Booms

The leader of the Democratic Party of South Korea, Lee Jae-Myung, swore To approve the FNB Bitcoin Bitcoin (funds negotiated on the stock market) if they are elected presidents, while the FNB IBIT of Blackrock does not take 16 consecutive days of net entries.

In addition to the promise to approve the Bitcoin ETF, Jae-Myung also announced on May 6 that it would support other pro-Crypto measures as part of a wider initiative to offer more investment opportunities to young people in Korea before the June 3 elections.

“I will create a safe investment environment so that young people can (build) assets and plan the future,” said Lee in Korean, according to the Korea Economic Daily.

The ruling party also promises to support crypto

Lee also declared that he would legalize Spot crypto FNB, lower transaction costs and put more consumer protection measures in place.

Lee is the favorite to win the upcoming elections with support of 42%, according to a investigation Directed by the National Baromed Survey of Korea.

The Party of Power of People in Power of South Korea also has promised To retreat the crypto.

Blackrock’s Bitcoin Etf taking advantage of a sequence of net il

While political parties in South Korea promise to approve Bitcoin ETFS, American investors accumulate in the Ibit of Blackrock which was approved with several other American and BTC ETFs in January from last year.

According to HODL15 CapitalThe FNB BTC of the BTC spot of the asset manager experienced 16 days of entries. This is an additional 280 bitcoin was added to the fund yesterday.

The president of the ETF store, Nate Geraci, also observed the entry sequence and noted that the fund was approaching $ 5 billion in new capital.

* 16 * Day Flow Stream for Ishares Bitcoin Etf…

$ 5 billion in new $$$.

I remember when the opponents did not think that the ETF Bitcoin Spot would take $ 5 billion * in total * last year.

As in * all * Spot Bitcoin Etf.

Ibit alone did it in a few weeks more than a year after the launch.

– Nate Geraci (@nategeraci) May 7, 2025

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