U.S. retail investors favor crypto stocks over M7...Circle and Coinbase rank high in net purchases

It has been observed that U.S. stock investors are showing strengthened sentiment for stocks related to virtual assets (cryptocurrencies).

According to the Korea Securities Depository on the 12th, the number one stock in net purchases by U.S. retail investors (excluding ETFs) from the 4th to the 10th was "Circle Internet Financial Ltd." ($38.28 million).

Following that, "Coinbase Global, Inc." ($33.90 million) and "MicroStrategy Incorporated" ($16.82 million) ranked 2nd and 5th, respectively.

All of these are stocks related to digital assets or virtual assets.

Circle Internet Financial Ltd. is the issuer of the USDC stablecoin. Coinbase Global, Inc. is a cryptocurrency exchange. Lastly, MicroStrategy Incorporated is a company implementing a Bitcoin (BTC) treasury strategy.

Previously, the top net purchase rankings for U.S. stocks were mainly occupied by M7 (Microsoft Corporation, Apple Inc., NVIDIA Corporation, Google LLC, Amazon.com, Inc., Meta Platforms, Inc., Tesla, Inc.).

However, as the virtual asset market—including Bitcoin—has recently shown an upward trend and a favorable environment for virtual assets has been fostered by U.S. President Donald Trump, investors’ sentiment toward crypto-related stocks appears to have strengthened.

As of 10:24 a.m. today, Bitcoin was trading at $117,648, up 1.49% from the previous day. Overnight, Bitcoin reached $118,869, hitting a new all-time high.

Hyun-Jung Kim, an analyst at Kiwoom Securities Co., Ltd., said, "The U.S. House of Representatives has designated 'Virtual Asset Week' starting from the 14th to begin serious discussions of related bills, so investors should pay close attention."

She also explained, "Bitcoin’s price has risen as discussions over legislation related to virtual assets gain momentum in the U.S., and as President Trump extended the mutual tariff imposition date from July 9 to August 1."