BREAKING (Bloomberg): People Don’t Understand What’s Happening With RETAIL Investors in South Korea $IONQ $RGTI $QBTS
South Korean retail is so obsessed with US leveraged ETFs that regulators are now forcing mandatory DMV-style training just to buy them.
Starting Dec 15, anyone in Korea wanting to trade foreign leveraged or inverse ETFs must:
• take a 1-hour online course
• pass a 3-hour mock-trading program
• complete extra steps for derivatives abroad
Why? Because Korean retail put $7B into US leveraged ETFs in October alone and $30B YTD!!!
They are also some of the most aggressive traders of US single-name stocks - to the point where $IONQ now trades more daily volume in Korea than trillion-dollar companies like $AMZN, $MSFT, and $GOOGL.
Read that again!
This is one of the most misunderstood forces in markets right now.
For reference there are too leveraged IONQ ETF's available"
- The GraniteShares “2× Long IONQ Daily ETF” (ticker $IONL) seeks daily +2× the share-price movement of IONQ.
- The Defiance ETFs “2× Long IONQ ETF” (ticker $IONX) also targets 2× IONQ’s daily move.
South Korean retail is not normal retail. They are actually moving the needle meaningfully on single stocks through leveraged ETF's.
Regulators are scrambling to keep up, this is going to end in tears!
显示更多