Analysis: Korean retail investors flock to US crypto stocks, with investments exceeding $12 billion this year

ChainCatcher news, according to the Korea Times, South Korean retail investors have invested over $12 billion in US-listed cryptocurrency-related stocks this year.

Data shows that in August alone, Korean investors purchased shares of companies such as Bitmine, Circle Internet Group, and a certain exchange, with investment amounts reaching $426 million, $226 million, and $183 million respectively. Notably, despite a significant decline in the prices of these related stocks, Korean investors' enthusiasm for purchasing remains undiminished. Analysts point out that stablecoin legislation in both the US and South Korea has provided a favorable backdrop for this wave of investment enthusiasm.