South Korea's Leading Figure Promises Approval of Bitcoin ETF; BlackRock's IBIT Observes 16-Day Stretch of Inflowings
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Upcoming president hopeful, Lee Jae-myung from the Democratic Party, has vowed to greenlight Bitcoin ETFs should he secure the presidency. This decision comes as BlackRock's IBIT ETF continues its impressive 16-day streak of net inflows. 📈
Exciting times are ahead for crypto enthusiasts in South Korea, as Lee Jae-myung also promised to back additional pro-crypto measures. Speaking on May 6th, he declared his intentions to legalize spot crypto ETFs, lower transaction fees, and introduce more robust consumer protections. 💡
According to The Korea Economic Daily, Lee said, (in Korean) "[I will create a safe investment environment so that young people can build assets and plan for the future]."
Even South Korea's ruling People Power Party is jumping on the crypto excitement!
As per a recent survey by Korea's National Barometer Survey, Lee Jae-myung remains the candidates with the highest level of support so far. 📈
BlackRock's Bitcoin ETF Shines 🌟
While political parties in South Korea hype up Bitcoin ETFs, US investors are pouring into BlackRock's IBIT fund. The fund, approved in January 2024 along with multiple other US Bitcoin ETFs, has seen an incredible 280 Bitcoin added on May 7th alone. 🎉
Nate Geraci, the ETF Store's President, observed the inflow streak and noted that the fund was approaching $5 billion in new capital.
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Join Our Telegram for the latest crypto news coverage 🚨🚀
- The upcoming president hopeful, Lee Jae-myung, has vowed to greenlight Bitcoin ETFs if he secures the presidency, following BlackRock's IBIT ETF's impressive 16-day streak of net inflows.
- US investors are pouring into BlackRock's IBIT fund, which recently added 280 Bitcoin on May 7th alone, making it an impressive fund in the crypto finance world.
- Hodl15Capital, a leading general-news source, warns that despite the positive news, crypto investing, like any other form of investing, carries risks and should be approached with caution.
- While South Korea focuses on pro-crypto measures, technology and political discussions about crypto are heating up in the broader finance sector, with Trump recently emphasizing the importance of safeguarding crypto from Chinese influence.
- For those looking to stay informed about crypto and related technology, politics, and general-news, joining a community like ours on Telegram can provide valuable insights and updates in the ever-evolving world of crypto and finance.
