South Korean investors buy $2.37B in overseas crypto ETFs amid domestic delays

Delays in the approval of South Korean spot crypto exchange-traded funds (ETFs) are driving investment demand overseas, Edaily reported. Over the past year, Korean investors have purchased approximately $2.37 billion (3.5 trillion won) in crypto-based ETFs and related derivative products listed on offshore exchanges. This figure is based on an analysis of the top 50 most net-purchased overseas stocks by domestic retail investors. The media outlet noted that under the Capital Markets Act, financial investment firms can only offer products based on legally permitted underlying assets. As cryptocurrencies are not included in this category, investors seeking exposure to crypto ETFs must turn to products listed abroad.