Svmuu News: Eric Balchunas, Senior ETF Analyst at Bloomberg, stated on platform X that the asset size of the 2x leveraged SK Hynix ETF (7709) in the Hong Kong market has grown approximately 10 times this year, making it the third-largest ETF in the Hong Kong market, accounting for about 8.5% of total ETF assets. The ETF has also recorded extremely high trading activity, with a daily turnover exceeding $1 billion. On an equivalent scale compared to the US market, this corresponds to a daily trading volume of approximately $150 billion, which is considered extremely rare in the global ETF market.
Eric Balchunas specifically pointed out that if calculated proportionally, the ETF's scale in the US market would be equivalent to an ETF worth approximately $1.3 trillion, but a product of this magnitude does not yet exist globally.
Market participants believe this phenomenon reflects the rapidly increasing concentration of funds in Hong Kong's derivative ETFs and single-underlying leveraged products, while also highlighting the growing activity of the Asian market in trading high-risk structured ETFs.