According to a recent report by Karim Saber, a researcher at 21Shares, after regulatory approval of Bitcoin futures ETFs in Hong Kong, other Asian countries such as South Korea, Japan, and Singapore may follow suit. South Korea has shown a friendly policy towards cryptocurrencies in recent political changes and is expected to approve related ETFs within this year. Meanwhile, Japan and Singapore have also made progress in terms of regulation.
Source: https://blockworks.co/news/crypto-etf-regulation-in-asia