分析师表示，小投资者从股票转向比特币，在一定程度上加速了科斯达克指数的下跌。韩国投资研究所首席执行官Ahn Hyunsang表示：South Korean small investors are shifting from stocks to bitcoin. Since the end of the USA election, bitcoin has surged nearly 35%, while the small cap stock index in South Korea has accumulated an 8% decline.
As investors shift from the stock market to bitcoin-related assets, south korea's small cap stock index is accelerating its decline.
Since Donald Trump's victory in the US presidential election on November 5th, bitcoin has surged by nearly 35%, while south korea's mainly small cap KOSDAQ index has dropped by 8%, potentially becoming the worst-performing asia stock index this year.
Analysts say that retail investors shifting from stocks to bitcoin have, to some extent, accelerated the decline of the KOSDAQ index. Ahn Hyunsang, CEO of the south korea Investment Institute, stated:
"As the KOSDAQ market performs poorly, people are starting to turn to the token market."
Due to the ban in the south korea market on domestic brokerages trading overseas bitcoin ETFs, local investors are turning to leveraged funds betting on bitcoin futures or buying shares of american stocks like MSTR, known as "bitcoin shadow stocks."
However, after bitcoin was blocked from breaking through the $0.1 million mark, the market began to worry about whether its upward momentum could continue.
Wall Street News previously mentioned that the 2x leveraged bitcoin futures ETF-SBIT achieved a net inflow of $18.8 million on Monday, the highest level since its launch in April.
