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

May 27 — Bloomberg Senior ETF Analyst Eric Balchunas shared on X that the 2x leveraged SK Hynix ETF (ticker: 7709) listed in Hong Kong has seen its assets under management (AUM) surge nearly tenfold this year. It’s now Hong Kong’s third-largest ETF, making up roughly 8.5% of the city’s total ETF AUM. The fund has also seen exceptional trading activity, with daily volume exceeding $1 billion. When scaled to U.S. market terms, that translates to around $150 billion in daily trading — a level rarely witnessed in the global ETF space. Balchunas emphasized that, proportionally, this ETF’s size in the U.S. market would equate to an approximately $13 trillion product — a scale with no global counterpart as of yet. Industry observers note this trend signals growing investor concentration in Hong Kong’s derivative ETFs and single-asset leveraged products, while highlighting Asia’s rising activity in high-risk structured ETF trading.