Leveraged AI bets are at record highs in Asia: Assets under management (AUM) in the 2x Leveraged Long SK Hynix ETF, listed in Hong Kong, are up to a record $13 billion. This figure has more than TRIPLED over the last 2 months, making it the 2nd-largest ETF among ~250 listed in Hong Kong. The fund now accounts for ~13% of all assets across the entire local ETF market. This also marks the most rapid AUM growth on record for an ETF in Asia, ranking 4th worldwide. To put this into perspective, this fund was launched in October 2025, less than 8 months ago. Leverage in Asia is at historic levels.(The Kobeissi Letter)