South Korean retail merchants have continued to promote actions related to crypto instead of high-level American technological companies in the midst of growing disappointment with companies like Tesla and the global push of digital assets.
Tesla loses ground, binming is growing
Bloomberg said on Monday that Tesla’s shares had lost ground among the retail investors in South Korea, who increased their sales in August in favor of the actions related to the crypto.
According to the report, the Electric Carmaker Company has experienced an exodus of $ 1.8 billion in the past four months, which suggests a weakening of enthusiasm among one of Tesla’s most loyal retail bases.
A 33 -year -old retail merchant told the information media that society had not been able to “win the hearts of people” because she had “failed to direct with her own AI story”. The investor, who bought the action for the first time in 2019, sold earlier this year to focus on shares that are currently increasing.
Bloomberg calculations of deposit data revealed that even if the company remains the main foreign actions among the South Korean retail merchants, individual investors have sold about $ 657 million in Tesla shares in August, recording the biggest outings of the company since 2019.
On the other hand, retail merchants in South Korea favored more volatile bets in August, such as actions linked to the crypto. During this period, investors paid $ 253 million in Bitmin Immersion Technologies Inc., which is considered a proxy for Ethereum (ETH).
As indicated by Bitcoiniste, South Korean investors bought a value of $ 259 million in Bitmine shares in July, said Bloomberg. According to Korea Securities Depository Data, this made the company the most purchased foreign security action.
Korean investors pay millions in Crypto shares
Data from the Korean Center for International Finance (KCIF) have shown that the percentage of actions related to cryptography in the 50 main net shares by local retail investors increased from 8.5% in January to 36.5% in June before moving to 31.4% in July.
Citing a 10x Research report, the Korea Times stressed that individuals bought more than $ 12 billion in actions related to the crypto in 2025, with Bitmin, Circle Internet Group and Coinbase conducting the sector.
The purchase of retail investors would have intensified last month, while the traders paid $ 426 million in Bitmin, $ 226 million in a circle and $ 183 million in Coinbase. This marks a passage from the main trend in recent years, when Korean retail investors have clashed in American technology giants.
“Korean investors pay billions in cryptography actions, reshaping world flows in a way to Wall Street can no longer ignore,” said the report. Adding that “the push has been amplified by American and Korean legislation on the stables, creating a powerful backdrop for this increase in capital”.
In the middle of the global thrust of the regulation of digital assets, the institutionalization of the stablescoins won attracted significant attention, President Lee Jae-Myung, promising to resolve it in parallel with the status of funds (ETF) based on exchanges based on cryptography during his electoral campaign.
Since then, several bills linked to the emission and distribution of KRW stablescoins have been introduced in the National Assembly of South Korea. However, the industry has expressed its concerns about disconnecting between industry and South Korean regulators.
On September 1, the president of the candidate for the Financial Services Commission (FSC), Lee Won-Eun, said that digital assets “differ from traditional financial products such as deposits and titles in that they lacked intrinsic value”.
In his written response to the National Assembly Commission of the National Assembly, Lee also expressed a negative position on specific policies related to cryptocurrencies, in particular the opportunity to allow investments in virtual assets through pension and retirement accounts. This has raised concerns among several players in the industry that a unilateral regulatory policy can continue.
Ethereum (ETH) trades $4,366 in the one-week chart. Source: ETHUSDT on TradingView
Star image of Unsplash.com, tradingView.com graphic
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