10x Research: South Korean retail investors have purchased over $12 billion worth of U.S. stock in cryptocurrency companies this year.

BlockBeats news, on August 31, data shows that individual investors in South Korea, who have been active in crypto asset investment, are expanding their investment scope by heavily purchasing crypto-related stocks listed in the U.S. 10x Research indicates that this year, South Korean retail investors have purchased over $12 billion in U.S. stocks of crypto companies, including Bitmine, Circle, and Coinbase. In August alone, South Korean investors bought $426 million in Bitmine, $226 million in Circle, and $183 million in Coinbase stocks. They also invested $282 million in a 2x Ethereum ETF. 10x Research pointed out: “South Korean investors are pouring billions into crypto stocks, reshaping global capital flows, and Wall Street has to take notice. The stablecoin legislation in the U.S. and South Korea also provides a strong backdrop for this wave of capital influx.” This trend is different from a few years ago when South Korean retail investors mainly flocked to U.S. tech giants like TSL and Nvidia. Affected by the delay in the Federal Reserve’s interest rate cuts, crypto stock prices have fallen, but this has not diminished investor demand. Data from the Korea Securities Depository shows that in the five days since August 25, South Korean retail investors net bought $96.87 million in Bitmine stocks and $32.44 million in Circle stocks. The 10x Research report noted that in South Korea, everything is trend trading. And trends may change rapidly.