Analysis: South Korean retail investors are buying US-listed crypto stocks in droves, with transactions exceeding $12 billion this year

PANews reported on August 31st that according to the Korea Times, South Korean retail investors are aggressively purchasing US-listed crypto-related stocks, purchasing over $12 billion worth of shares in US-listed crypto companies, including Bitmine, Circle, and Coinbase, this year. This activity is reshaping global capital flows, garnering attention from Wall Street. Stablecoin legislation in the US and South Korea has also provided a strong backdrop for this influx of capital. Data released by 10x Research shows that in August alone, South Korean investors purchased $426 million worth of Bitmine, $226 million worth of Circle, and $183 million worth of Coinbase stock. They also invested $282 million in a 2x Ethereum ETF.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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