South Korean Investors Pour $12B into US Crypto Stocks, Snap Up 2x Ethereum ETF
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COINOTAG News reported on August 31 that South Korean retail investors are broadening exposure to US-listed cryptocurrency stocks, with 10x Research estimating more than $12 billion invested year-to-date across names such as Bitmine, Circle, and Coinbase.
Transaction-level data show concentrated flows in August: roughly $426 million into Bitmine, $226 million into Circle, $183 million into Coinbase and about $282 million into a 2x Ethereum ETF, while a South Korean securities depository reports net purchases of $96.87 million (Bitmine) and $32.44 million (Circle) in the five trading days since August 25.
10x Research characterizes the behavior as trend-driven, noting that recent stablecoin legislation in the US and South Korea and evolving macro conditions have supported these cross-border capital movements and drawn increased Wall Street attention to global fund flows.