South Korean Crypto-Related Kosdaq Stocks Rise on Bitcoin ETF News

After the news that the US Securities and Exchange Commission (SEC) approved 11 Bitcoin spot ETFs, the stock of Kosdaq-related cryptocurrency in South Korea "soared". On January 11th, Woori Technology Investment, whose stock price rose nearly 30% on January 11th, reached a 12-month high. The stock price of Korean Investment Securities also rose 30%. Both companies hold shares in Dunamu, the operator of Upbit. The stock price of T Scientific, another cryptocurrency exchange investor, rose more than 20% that day, and its parent company Wizit also rose 29.89%. T Scientific owns shares in Bithumb Korea, the operator of cryptocurrency exchange Bithumb.

Currently, no South Korean cryptocurrency company is listed on the South Korean stock exchange. However, some listed companies have interests related to cryptocurrency.