In his article, Bo-mi Lee explained that if spot ETFs linked to Bitcoin and Ether are approved in the country, this will lead to growth in the digital asset market. As a result, a significant amount of capital will flow into the crypto market, which will lead to inefficient allocation of resources and worsen the liquidity of the financial market. If cryptocurrencies “intercept” a large volume of cash flows, less investment will flow into local companies, which will make the South Korean financial market more vulnerable to the crisis, the expert fears.