South Korean investors commot $657M from Tesla, shift enter Ethereum
For August, retail investors from South Korea trigger one Tesla outflow wey reach $657 million, di biggest since early 2019. For di last four months, di total Tesla outflow don reach $1.8 billion, show say retail people no too dey interested in traditional US tech stocks again. Instead, money wey dey go crypto-linked assets increase well well, with Ethereum proxy asset Bitmine Immersion Technologies Inc. draw $253 million net investments. Even with these changes, Tesla still dey top foreign holding for Korean retail portfolios with $21.9 billion. Nvidia and Palantir see smaller volumes, plus di double-leverage TSLL ETF record its own big outflow of $554 million. Dis trend show say South Korean traders dey move from established tech equities go higher-risk crypto-linked assets, wey mean market sentiment dey change and e fit affect trading strategies dem.
Bullish
Di big $657 million weh Tesla comot for crypto-linked assets, especially di $253 million weh e put for Ethereum proxy Bitmine Immersion, dey show say demand for Ethereum exposure dey grow among South Korean retail traders. Historically, di same kain movement—like di surge of Korean money inside Bitcoin ETFs for early 2021—dem dey relate to short-term price rallies. For di short term, di increased capital weh dem dey direct to Ethereum proxies and maybe ETH itself fit put pressure make token prices go up. For di long term, if retail capital keep shifting to crypto assets, e fit help market liquidity and investor confidence, wey go make Ethereum and related DeFi markets get better future.