Bloomberg analyst: SK Hynix Leveraged ETF has become the third largest ETF in the Hong Kong market, with extremely rare trading activity According to BlockBeats, on May 27th, Eric Balchunas, a senior ETF analyst at Bloomberg, stated on X platform that the double leverage SK Hynix ETF (7709) in the Hong Kong market has grown its asset size by about 10 times this year and has now become the third largest ETF in the Hong Kong market, accounting for about 8.5% of the total ETF asset size. The ETF also recorded extremely high trading activity, with daily turnover exceeding $1 billion. Equivalent to approximately $150 billion in daily trading volume based on the size of the US market, it is considered extremely rare in the global ETF market. Eric Balchunas specifically pointed out that if converted proportionally, the size of this ETF in the US market would be equivalent to approximately $1.3 trillion in ETFs, but products of this magnitude do not yet exist globally. Market participants believe that this phenomenon reflects the rapidly increasing concentration of funds in Hong Kong's derivative ETFs and single underlying leveraged products, while also highlighting the continued increase in activity of Asian markets in high-risk structured ETF trading. [Original link]