Coin

<ul class="news-points"> 
 <li><strong>Journalist Rebecca Sin of Bloomberg reported that K-Pop ETF is a huge failure.</strong></li> 
 <li><strong>Launched in 2022, the entertainment ETF tracked 30 companies on the Korean Stock Exchange.</strong></li> 
 <li><strong>BTS taking a hiatus and joining the army seems to be the major reason for the failure.</strong></li> 
</ul> 
<p>K-Pop ETF is a Kflop, says journalist Rebbeca Sin of Bloomberg. Back in 2020, a K-Pop ETF emerged to channel global funds to the cultural phenomenon. However, even though the ETF began with much hope, it is currently not doing too well, according to reports.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">A K-Pop ETF emerged to channel global funds to the cultural sensation. Spoiler: It’s not going smooth like butter, and takes more than catchy rhythms to take off.<br>Rebecca Sin from Bloomberg Intelligence has more <a href="https://t.co/YUXJWKG6sS" target="_blank" rel="noopener noreferrer nofollow">https://t.co/YUXJWKG6sS</a> <a href="https://t.co/mL7foQtNKi" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/mL7foQtNKi</a></p>— Bloomberg TV (@BloombergTV) <a href="https://twitter.com/BloombergTV/status/1690870282607587328?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 13, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Sin explains that K-Pop bands such as BLACKPINK and BTS typically take over five years from their formation to their official debut. The exchange-traded fund (ETF) that tracks the parent companies follows a similar path from fund inception to success. <a href="https://www.bloomberg.com/news/articles/2022-10-13/podcast-k-pop-s-hit-factory-is-coming-for-investing-with-an-etf?utm_medium=social&amp;utm_campaign=socialflow-organic&amp;utm_source=twitter&amp;utm_content=tv&amp;cmpid%3D=socialflow-twitter-tv" target="_blank" rel="noopener noreferrer nofollow">Introduced in 2022, K-Pop and Korean Entertainment ETF</a> tracks 30 companies listed on the Korean…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/k-pop-etf-becomes-huge-flop-despite-celeb-power-report/">K-Pop ETF Becomes Huge Flop Despite Celeb Power: Report</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

K-Pop ETF Becomes Huge Flop Despite Celeb Power: Report

Coin Edition

Other articles published on Aug 14, 2023

BNB Chain Updates to Combat Compatibility Issues with EVM Chains

BTC Price Analysis: With Another Higher Low, Will Bitcoin Find A Launchpad To Surpass $30K?

Bulls Kick-Off Week On Front Foot as Litentry Posts Massive Gains

Ethereum explained: A Beginner’s Guide for the Digitally Curious

Michael Burry Launches A 'Big Short', Will Bitcoin Price Rally?

Bitcoin vs. gold: Are market cap and other comparisons actually relevant for investors?

Join our free newsletter for daily crypto updates!