{"id":877370,"date":"2025-10-14T00:12:25","date_gmt":"2025-10-14T05:12:25","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/10\/14\/south-koreans-poured-1-24b-into-us-tech-crypto-during-the-korean-thanksgiving\/"},"modified":"2025-10-14T00:12:25","modified_gmt":"2025-10-14T05:12:25","slug":"south-koreans-poured-1-24b-into-us-tech-crypto-during-the-korean-thanksgiving","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/10\/14\/south-koreans-poured-1-24b-into-us-tech-crypto-during-the-korean-thanksgiving\/","title":{"rendered":"South Koreans Poured $1.24B Into US Tech, Crypto During the Korean Thanksgiving"},"content":{"rendered":"<div>\n<div>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/04\/23090551\/ayan-150x150.jpg\" alt>\n                <\/p>\n<p>Crypto Journalist<\/p>\n<div>\n<p>Amin Ayan<\/p>\n<div>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/04\/23090551\/ayan-150x150.jpg\" alt>\n            <\/p>\n<p>Crypto Journalist<\/p>\n<p>\n                Amin Ayan                <span><\/span>\n            <\/p>\n<\/p><\/div>\n<div>\n<p>About Author<\/p>\n<p>Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24\/7 Wall St. He has&#8230;<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n<div>\n<p>Last updated:\u00a0<\/p>\n<p><time datetime=\"2025-10-13T16:44:22+00:00\">October 13, 2025<\/time>\n        <\/p>\n<\/p><\/div>\n<\/div>\n<p><img fetchpriority=\"high\" width=\"1200\" height=\"673\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/10\/13164411\/1760373851-image-1760373803801_optimized.jpg\" alt decoding=\"async\"  ><\/p>\n<p>South Korean investors turned their Chuseok holiday into a week of aggressive risk-taking, funneling $1.24 billion into US tech and crypto-linked assets while domestic markets were closed between October 3 and 9.<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li><span>South Korean investors poured $1.24 billion into US tech and crypto-linked assets during the Chuseok holiday week.<\/span><\/li>\n<li><span>Top buys included Tesla, Meta, and Bitcoin mining stocks, with leveraged ETFs leading the surge.<\/span><\/li>\n<li><span>The buying spree ended abruptly as US\u2013China trade tensions triggered a global market pullback.<\/span><\/li>\n<\/ul>\n<\/div>\n<p>Instead of taking time off during the country\u2019s Thanksgiving break, retail investors piled into leveraged ETFs and high-growth stocks, according to <a href=\"https:\/\/www.kedglobal.com\/stocks\/newsView\/ked202510130005\" target=\"_blank\">data from the Korea Securities Depository<\/a>.<\/p>\n<h2><span id=\"h-korean-investors-flock-to-tesla-meta-and-bitcoin-miner-stocks\">Korean Investors Flock to Tesla, Meta, and Bitcoin Miner Stocks<\/span><\/h2>\n<p>The most popular target was the Direxion Daily Tesla Bull 2X ETF, a leveraged fund that amplifies Tesla\u2019s stock movements, with net purchases totaling $151 million.<\/p>\n<p>Other top buys included $105 million in Iris Energy, an Australian Bitcoin mining firm; $100 million in Meta Platforms, and $96 million in Tesla shares themselves.<\/p>\n<p>Another leveraged crypto play, the T-REX 2X Long BMNR Daily Target ETF, which tracks Bitmine Immersion Technologies with double exposure, ranked fifth among foreign purchases at around $95 million.<\/p>\n<p>The spree followed a strong rally in Seoul, where the Kospi Index hit new highs before the holiday amid optimism over US tech resilience and local stimulus plans.<\/p>\n<p>With Korean exchanges closed, that bullish sentiment appeared to spill overseas as investors chased Wall Street\u2019s momentum.<\/p>\n<figure>\n<div>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<div lang=\"en\" dir=\"ltr\">\n<p>\ud83d\udea8 Breaking \ud83d\udea8 <\/p>\n<p>South Korea warns traders there appears to be a massive carry trade that is about to blow up markets. If carry trade reverses, it will wipe out the countries entire financial system with its investors being all in on leveraged tech ETFs.<a href=\"https:\/\/twitter.com\/search?q=%24spy&#038;src=ctag&#038;ref_src=twsrc%5Etfw\" target=\"_blank\">$spy<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24qqq&#038;src=ctag&#038;ref_src=twsrc%5Etfw\" target=\"_blank\">$qqq<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24dxy&#038;src=ctag&#038;ref_src=twsrc%5Etfw\" target=\"_blank\">$dxy<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24tlt&#038;src=ctag&#038;ref_src=twsrc%5Etfw\" target=\"_blank\">$tlt<\/a>\u2026<\/p>\n<\/div>\n<p>\u2014 Roger (@rdd147) <a href=\"https:\/\/twitter.com\/rdd147\/status\/1977599499712499737?ref_src=twsrc%5Etfw\" target=\"_blank\">October 13, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>But timing may have worked against them. The surge in cross-border buying came just days before global markets tumbled on renewed US\u2013China trade tensions, erasing part of the previous week\u2019s gains.<\/p>\n<p>Analysts say it remains to be seen whether Korean retail traders, known for their risk appetite and agility, will maintain such aggressive exposure.<\/p>\n<p>The Kospi reopened 1.7% lower on Monday, slipping back below the 3,600 level and hinting that the Chuseok rally may have been short-lived.<\/p>\n<h2><span id=\"h-south-korea-orders-crypto-exchanges-to-halt-lending-services\">South Korea Orders Crypto Exchanges to Halt Lending Services<\/span><\/h2>\n<p>In August, South Korea\u2019s financial regulator <a href=\"https:\/\/cryptonews.com\/news\/south-korea-orders-crypto-exchanges-to-halt-lending-services\/\">moved to rein in risky lending practices<\/a> in the digital asset sector, ordering local exchanges to suspend all crypto lending services until a proper regulatory framework is established.<\/p>\n<p>The crackdown came amid South Korea\u2019s broader pivot toward regulated crypto adoption. Authorities are lifting restrictions on institutional trading and preparing to approve the <a href=\"https:\/\/cryptonews.com\/news\/south-korean-lawmaker-proposes-etf-bill-to-include-virtual-assets\/\">country\u2019s first spot crypto ETFs<\/a>.<\/p>\n<p>President Lee Jae Myung\u2019s administration is also <a href=\"https:\/\/cryptonews.com\/news\/south-koreas-biggest-parties-roll-out-stablecoin-bills-clash-on-interest-payment-plans\/\">working on a stablecoin framework<\/a> pegged to the Korean won, signaling a more open approach to digital finance despite the latest curbs.<\/p>\n<p>More recently, Dunamu, the operator of South Korea\u2019s largest cryptocurrency exchange Upbit, <a href=\"https:\/\/cryptonews.com\/news\/upbit-operator-dunamu-rolls-out-cold-wallet-custody-for-institutions\/\">unveiled a new custody service<\/a> aimed at corporate and institutional clients, as regulatory green lights for virtual asset investments spark growing demand for secure storage solutions.<\/p>\n<p>The service stores all deposited digital assets in cold wallets, entirely offline and insulated from internet-based threats, to shield holdings from cyberattacks and other external breaches.<\/p>\n<p>\n                                    <a href=\"https:\/\/news.google.com\/publications\/CAAqKQgKIiNDQklTRkFnTWFoQUtEbU55ZVhCMGIyNWxkM011WTI5dEtBQVAB?ceid=US:en&#038;oc=3\" target=\"_blank\"><\/p>\n<p>                            <svg width=\"20\" height=\"16\" viewBox=\"0 0 20 16\" fill=\"none\">\n                            <path d=\"M19.6 5.36C19.6 5.48 19.6 5.66 19.54 5.78L17.2 12.8V5.6C17.2 4.94 16.66 4.4 16 4.4H12.82L12.52 3.8L11.86 2.36L15.34 3.32L18.58 4.16C19.18 4.28 19.6 4.82 19.6 5.36Z\" fill=\"#FF4131\" \/>\n                            <path d=\"M15.4 0.799997V3.26L11.92 2.3L11.74 1.88C11.44 1.28 10.72 0.979997 10.12 1.22L4.59998 3.38V0.799997C4.59998 0.499997 4.89998 0.199997 5.19998 0.199997H14.8C15.1 0.199997 15.4 0.499997 15.4 0.799997Z\" fill=\"#03A846\" \/>\n                            <path d=\"M12.82 4.4H4.00002C3.34002 4.4 2.80002 4.94 2.80002 5.6V11.42L0.520024 6.5C0.460024 6.26 0.400024 6.08 0.400024 5.9V5.84C0.400024 5.3 0.700024 4.82 1.24002 4.64L4.60002 3.32L10.06 1.22C10.72 0.979997 11.44 1.28 11.68 1.88L11.86 2.3L12.52 3.74L12.82 4.4Z\" fill=\"#FDBD04\" \/>\n                            <path d=\"M17.2 5.59999V14.6C17.2 15.26 16.66 15.8 16 15.8H4.00005C3.34005 15.8 2.80005 15.26 2.80005 14.6V5.59999C2.80005 4.93999 3.34005 4.39999 4.00005 4.39999H16C16.66 4.39999 17.2 4.93999 17.2 5.59999ZM9.40005 9.79999H7.00005V11H7.90005C7.60005 11.36 7.18005 11.6 6.70005 11.6C5.86005 11.6 5.20005 10.94 5.20005 10.1C5.20005 9.25999 5.86005 8.59999 6.70005 8.59999C7.12005 8.59999 7.48005 8.77999 7.78005 9.01999L8.62005 8.17999C8.14005 7.69999 7.48005 7.39999 6.70005 7.39999C5.20005 7.39999 4.00005 8.59999 4.00005 10.1C4.00005 11.6 5.20005 12.8 6.70005 12.8C7.90005 12.8 8.86005 12.08 9.22005 11C9.34005 10.7 9.40005 10.4 9.40005 10.1C9.40005 9.97999 9.40005 9.91999 9.40005 9.79999ZM14.8 7.39999H10.6V8.59999H14.8V7.39999ZM16 9.79999H10.6V11H16V9.79999ZM14.8 12.2H10.6V13.4H14.8V12.2Z\" fill=\"#0284FE\" \/>\n                            <\/svg><br \/>\n                                                                    Follow us on Google News                                    <\/a>\n                                <\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/cryptonews.com\/news\/south-koreans-poured-1-24b-into-us-tech-crypto-during-the-korean-thanksgiving\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Larisa Byron<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Journalist Amin Ayan Crypto Journalist Amin Ayan About Author Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24\/7 Wall St. He has&#8230; Last updated:\u00a0 October 13, 2025 South Korean investors turned their Chuseok holiday into<\/p>\n","protected":false},"author":1,"featured_media":877371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32341,683],"tags":[],"class_list":["post-877370","post","type-post","status-publish","format-standard","has-post-thumbnail","category-koreans","category-south"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/877370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=877370"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/877370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/877371"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=877370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=877370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=877370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}