On January 12th, Bloomberg reported that South Korea is trying to prevent a large amount of speculative funds from flowing into the US spot Bitcoin ETF. The country's securities regulator, the Financial Services Commission (FSC), said on Thursday that brokers of such ETFs may violate the government's current stance on virtual assets and its capital market law. This statement has caused confusion among investors and led to a sharp drop in related stocks in early Friday trading, with Wizit Co.'s stock price plummeting 13% at one point.