South Korean retail investors have invested over $12 billion in US-listed crypto stocks this year, significantly impacting global capital flows. Major investments include $426 million in Bitmine, $226 million in Circle, and $183 million in Coinbase, according to data from 10x Research. Additionally, $282 million was invested in a 2x Ethereum ETF. This surge in investment is supported by stablecoin legislation in both the US and South Korea, drawing attention from Wall Street.
South Korean Investors Pour $12 Billion into US Crypto Stocks
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