Even though the United States approved multiple Bitcoin spot ETFs yesterday (11), the financial regulatory authorities of South Korea and the Reserve Bank of India still express skepticism towards this. They both state that they will not emulate the financial product decisions of other countries and it is also unlikely for them to launch cryptocurrency ETFs. They emphasize that cryptocurrencies may pose significant risks to emerging economies.
"Embracing Bitcoin? South Korea and India Take Strong Stances: Cryptocurrency ETF Launches Legally Impossible"