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The leader of South Korea's democratic party Lee Jae-Myung, swore To approve the spot bitcoin ETFS (funds exchanged by the exchange) if elected president, such as the Ibit ETF of Blackrock 16 straight day of net inflows.
In conjunction with the promise to approve the Bitcoin ETFs, Jae-Myung also announced on May 6 that he would return other pro-crypto steps as part of a broader initiative to provide more investment opportunities for Korean youth before the June 3 election.
“I am doing a safe investment environment for young people to do [build] Owners and plans for the future, ” Lee says in KoreanAccording to the Korea Economic Daily.
The ruling party also promises I -back crypto
Lee also said he was legally at the spot Crypto ETFs, lower transaction fees and place more consumer protection steps in the area.
Lee is the favorite win in the upcoming election with 42% support, according to a Survey Conducted by the National Barometer Survey of Korea.
The ruling People People Power Party also has promised Behind the crypto.
Blackrock's bitcoin ETF enjoys a net inflow streak
While political parties in South Korea promise to approve Bitcoin The ETFs, US investors were stacked with the Blackrock Ibit fund approved along with many other US BTC ETFs in January last year.
According to Hodl15CapitalUS Manager's Spot BTC ETF has seen 16 days of flow. This was as an additional 280 Bitcoin was added to the fund yesterday.
ETF store president Nate Geraci also noted the flow of flow, and noted that the fund was approaching $ 5 billion in the new capital.
* 16* day of flowing for ishares bitcoin etf …
Approaching $ 5bil to the new $ $.
I remember when the naysayers didn't think that Bitcoin ETF spots would take $ 5bil * total * last year.
As in * all * spots bitcoin etfs.
Ibit only did this for a few weeks more than one year after the launch.
– Nate Geraci (@nategeraci) May 7, 2025
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