Southern Easton's 2x Long SK Hynix ETF (7709.HK) has definitely trapped quite a few people. Just saw a news story: A 26-year-old male employee at a 'Wealth Management Company' embezzled HK$50 million from the company to buy 7709, resulting in a paper loss of HK$150 million. A lot of people buy leveraged ETFs without really doing the math: If SK Hynix's stock price is 100, and it goes up 10% on the first day but drops 10% on the second day, the price returns to 99, losing 1% over two days. But if you bought 7709, after the second day, it would only be at 96, meaning a 4% loss—path dependency causes significant erosion. This 'Wealth Management Company' and 'Wealth Securities' are both subsidiaries of 'Wealth Group.' Not long ago, quite a few crypto KOLs were promoting Wealth Securities.