Bitcoin rebound supports Korean crypto-linked stocks as U.S. regulators advance measures

  • Bitcoin climbed above $85,000 and later traded at $86,443, lifting Korean crypto-related stocks.
  • Bitplanet rose 23.23% to 3,395 won, while U.S. spot Bitcoin ETFs received $433 million on Sept. 18.
  • CFTC and SEC initiatives supported sentiment after the Senate CLARITY Act vote failed, although ETF demand remained uneven.

Bitcoin rebounded to $86,506.90 on Sept. 21 after rising 14.4% from $75,620.40 on Sept. 15, while a Sept. 22 market snapshot showed it at $86,443, up 6.00% in 24 hours and more than 10% over a week. The rally lifted Korean virtual asset-related stocks for a second consecutive day, with Bitplanet gaining 23.23% to 3,395 won, Woori Technology Investment rising 7.17% to 6,280 won and Hanwha Investment & Securities advancing 4.94% to 4,885 won. U.S. spot Bitcoin ETFs attracted $433 million on Sept. 18 after $159.5 million in the previous session, although Farside's rounded figures showed only about $6.1 million in net inflows across five trading days after earlier withdrawals. Devere Group CEO Nigel Green said regulated products reflected patient institutional capital and could support a more durable recovery, while the CFTC's virtual-asset framework submitted for White House review and the SEC's five-year conditional exemption for blockchain-based stock tokens also improved sentiment. The Federal Reserve's quarter-point rate increase and the Senate's failed effort to advance the CLARITY Act remained headwinds, and analysts continued to disagree over whether the move represented a durable institutional-led bull market or a volatile risk-asset rebound.

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