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CoinGape

South Korea Authorities Block Bitcoin Spot and Futures ETFs, Here’s Why

CoinGape
Summary
Nutrition label

80% Informative

South Korea's Financial Supervisory Service blocks Bitcoin spot and futures ETFs, and funds tied to crypto firms like Coinbase , citing regulatory hurdles.

South Korea has also barred the launch of ETFs that invest in companies tied to virtual assets, including major global firms such as Coinbase .

This decision comes despite BTC’s price prediction to hit $ 200k after hitting an all-time high of $ 94,250 .

VR Score

73

Informative language

68

Neutral language

65

Article tone

formal

Language

English

Language complexity

67

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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