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Finance

Korean retail investors pay 10 percent premium for SK Hynix ADR

Korean retail investors sharply increased purchases of U.S. stocks during a domestic market correction, with July net buying at about $4.5 billion, CNBC reported. SK Hynix ADRs drew about $840 million, ranking second in Koreans’ U.S. securities net buying, even though the shares are available at home. Arcadian Asset Management’s Owen Lamont said the ADR traded about 10 percent above the Korean shares and called the buying abnormal.

Crypto

Canada\'s Bank of Montreal confirms XRP exposure through ETF holdings

Canada\'s second-largest bank, Bank of Montreal, has added XRP-linked products to its portfolio, according to a U.S. SEC filing. A quarterly 13F-HR report showed it held shares in the REX Osprey XRP ETF and the ProShares Ultra XRP ETF as of end-June 2026. The report also points to similar moves by other Canadian banks and shifting institutional holders, though 13F data can lag by 45 days.

Crypto

Institutional money heads toward XRP spot ETFs as Gerber discloses holdings

U.S. investment adviser Gerber has newly added 12,958 shares of the Franklin XRP spot exchange-traded fund, disclosure filings show. The report comes as other registered investment advisers in the United States also report positions in XRP spot ETFs, including products from Canary, Franklin and ProShares. Data cited in the report show net inflows into XRP spot ETFs on several July dates, while total assets under management are about $683.66 million.