SK Hynix dropped over 12% today, and the CSOP HSCEI Daily (2x) Leveraged Product tracking SK Hynix has reached a scale of nearly $17 billion

Odaily Planet Daily News: On-chain analyst Ai Yi posted on platform X, stating that the CSOP HSCEI Daily (2x) Leveraged Product tracking SK Hynix is a Hong Kong stock leveraged ETF launched by CSOP Asset Management. Since its listing in October last year, it has surged over 10 times year-to-date, with its scale currently approaching $17 billion. It tracks twice the daily performance of SK Hynix's underlying stock. If SK Hynix fluctuates by 5% in a day, this ETF needs to rebalance $1.7 billion, while SK Hynix's single-day trading volume yesterday was $11.2 billion. Korean regulators have indicated they are considering taking separate measures against such leveraged ETFs, and affected by this, the price of the CSOP HSCEI Daily (2x) Leveraged Product tracking SK Hynix has fallen.