South Korean net purchases of overseas crypto stocks triple to $7.1B

South Korean investors' net purchases of overseas cryptocurrency-related stocks have surged more than threefold year-over-year, reaching approximately 10 trillion won ($7.14 billion) between Jan. 1 and Dec. 18, Digital Asset reported. This marks a significant increase from the roughly 3 trillion won ($2.14 billion) recorded during the same period last year. The most heavily purchased individual stock was Bitmain Immerse Technologies, with net buys totaling $1.33 billion, representing 20% of all investments in the category. Products related to Strategy also saw strong demand, though investors primarily favored derivative instruments over the company's direct stock. A Strategy options exchange-traded fund (ETF) attracted $513.8 million in net purchases, while a 2x leveraged Strategy ETF drew $411.94 million.