South Korean retail investors bet nearly 1T won on US crypto stocks in Q1

South Korean retail investors purchased nearly one trillion won worth of cryptocurrency-related stocks and ETFs in the first quarter of this year, Edaily reported. Citing data from the financial information portal SEIBro, the report noted that from the start of the year through March 30, these investors net-purchased a total of $627.55 million (approximately 948.6 billion won) in such assets. This figure represents 9.7% of all net purchases of overseas stocks during the same period. The most heavily purchased instrument was the "2X ETHER ETF," which offers 2x leveraged exposure to the price of Ethereum.