The Korea Institute of Finance, a prominent financial research institution, has issued a warning regarding the potential negative impacts of spot crypto exchange-traded funds (ETFs) on the South Korean economy. The think tank highlighted several risks associated with these financial instruments, including inefficient resource allocation, increased exposure to virtual asset risks, and potential threats to financial stability. According to the institute, the harms posed by spot Bitcoin ETFs outweigh their benefits, suggesting that these products could disrupt the local economy rather than contribute positively.