South Korean Investors Flock to Crypto Company Stocks
South Korean investors are increasingly shifting capital from Bitcoin and altcoins into stocks of crypto firms such as Bitmine, Circle and Coinbase. Since January, they have acquired over $12 billion in these shares. In August alone, investments reached $426 million in Bitmine, $226 million in Circle and $183 million in Coinbase, alongside $282 million in a 2× Ethereum ETF. A 10x Research report attributes this trend to progress in U.S. and Korean stablecoin legislation, reshaping global fund flows and drawing Wall Street attention. Despite slower-than-expected U.S. rate cuts, interest in crypto company equities remains strong.
Bullish
Large equity inflows into crypto firms signal growing investor confidence and capital rotation from spot crypto to related equities. Regulatory progress on stablecoins underpins a positive outlook and broadens market participation. Historical precedents—such as tech stock rallies driven by retail interest—suggest these inflows could sustain upward momentum, supporting both short-term rallies and longer-term sector growth.