KORUB surged nearly 18% in 24 hours, with its market cap rising to $22.65 million.

BlockBeats news, October 19 - According to market data, the South Korea Bull 3X ETF (KORUB) rose nearly 18% in 24 hours, with its market cap climbing to $22.65 million and 24-hour trading volume reaching $53.11 million.

KORUB is a tokenized bStocks that allows users to gain economic exposure to the South Korea Bull 3X ETF, with each token fully backed by the corresponding underlying shares held by the issuer at a US-regulated broker-dealer.

The South Korean stock market recently suffered a sharp sell-off. On October 16, South Korea's Ministry of Economy and Finance responded, stating it would closely monitor whether stock market volatility spreads to the bond, foreign exchange, and currency markets. The government and relevant agencies will strengthen stock market monitoring and sternly deal with any actions that disrupt market order. The statement said that strong economic growth expectations, a current account surplus, and improving corporate earnings mean the fundamentals of the South Korean stock market remain solid.