Domestic cryptocurrency spot ETF introduction requires preliminary tasks such as recognition of underlying assets, kimchi premium resolution, and establishment of a futures market. Currently, virtual assets should be included in the scope of underlying assets specified in the Capital Markets Act, and a plan to allow ETF operators to procure spot from overseas platforms has been proposed to resolve the kimchi premium. In addition, it is analyzed that a step-by-step approach starting with Bitcoin ETFs after introducing a futures market is desirable for risk aversion. Establishment of a new trust business license for ETF operation and granting prime broker qualifications to securities firms have also been proposed.
