The South Korean Financial Research Institute said in its latest report that the introduction of cryptocurrency spot ETFs could cause more trouble for the country's economy than good. The Korea Institute of Finance (KIF) said in a report last Sunday that allowing (such) products could lead to side effects such as inefficient resource allocation, increased risks associated with cryptocurrencies in financial marekts, and weakened financial stability. Crypto ETFs could cause crypto markets to intercept large cash flows from local financial marekts, resulting in less investment in local industries, which could make local financial marekts more vulnerable to crypto industry crises, leading to increased investor distrust of markets and regulators.