South Koreans Flock to Leveraged Crypto ETFs Amid Market Recovery
South Korean investors have increased their purchases of leveraged exchange-traded funds (ETFs) tied to Bitcoin and Ethereum, according to a report by Maeil Business Newspaper. These funds amplify daily returns, making them popular among traders seeking higher exposure during strong market moves.
The Korea Securities Depository data shows that 2x leveraged ETFs backed by the two largest cryptocurrencies ranked among the top net-buying picks for local investors in overseas stocks. Notable names include ETHU, BITX, and BITU, which have seen significant gains in recent weeks.
The surge in buying comes as the broader cryptocurrency market stages a rebound, recovering from recent volatility. Over the past week, ETHU rose 62.4%, while BITX and BITU each gained more than 47%.