If the whales act based on their profits, as well as the ETF with the initial releases it has made (the news release has been removed from the site),BTC will touch 49K $ by January 30.
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According to news sites South Korea does not allow crypto ETFs, does not recognize cryptocurrencies as financial assets, and has banned financial institutions from investing in cryptocurrencies since 2017.
The head of the SEC has also said that while we approved the listing and trading of some Bitcoin ETFs today, we did not approve Bitcoin itself! However Bloomberg predicts $4 billion in Bitcoin cash flows on the ETF's first day of trading.