The introduction of bitcoin spot exchange-traded funds has made it easier for institutional investors around the world to include cryptocurrency in their portfolios. However, Korean institutions are proceeding cautiously. The US Securities and Exchange Commission's approval of spot bitcoin ETFs has led to increased exposure to cryptocurrency among institutional investors, with significant trading volumes reported by major crypto exchanges in the US. Meanwhile, traditional state-operated funds have typically favored conservative assets such as bonds and stocks, but there are signs of shifting towards cryptocurrency investments. Despite this global trend, Korean institutional investors face restrictions due to the current system's limitations on trading cryptocurrencies and spot bitcoin ETFs. In Korea, institutional investors are unable to directly engage in crypto trading due to regulatory and legal barriers, which are deterring them from considering cryptocurrency investments. Instead, they are turning to indirect investments in crypto-related shares, as seen in the examples of the National Pension Service and the Korea Investment Corp. However, experts are urging for a change in the regulatory landscape to allow corporations to open accounts for crypto trading, believing it could contribute to reducing market volatility and promoting more rational movements in the crypto market.