Bloomberg Analyst: SK Hynix Leveraged ETF Has Become the Third-Largest ETF in the Hong Kong Market, With Unusually High Trading Volume

BlockBeats News, May 27th, Bloomberg's Senior ETF Analyst Eric Balchunas stated on the X platform that the 2x leveraged SK Hynix ETF (7709) in the Hong Kong market has seen its assets under management grow nearly 10-fold this year, becoming the third-largest ETF in the Hong Kong market, representing approximately 8.5% of the total ETF AUM. This ETF has also seen extremely high trading activity, with daily trading volume exceeding $1 billion. In equivalent terms to the U.S. market, this is equivalent to a daily trading volume of around $150 billion, considered extremely rare in the global ETF market.

Eric Balchunas specifically pointed out that on a proportional basis, the size of this ETF in the U.S. market would be equivalent to around a $13 trillion ETF, a product of this scale that does not yet exist globally.

Market participants believe that this phenomenon reflects the increasing concentration of funds in Hong Kong derivative ETFs and single underlying asset leveraged products, while also highlighting the continued enhancement of Asia's market activity in high-risk structured ETF trading.