Bloomberg Analyst: SK Hynix ETF Trading Activity Extremely Rare, AUM Surges 10-Fold Within the Year

Odaily News, Bloomberg Senior ETF Analyst Eric Balchunas stated on X platform that the 2x leveraged SK Hynix ETF (7709) in the Hong Kong market has seen its asset under management (AUM) grow approximately 10 times this year, currently becoming the third largest ETF in the Hong Kong market, accounting for about 8.5% of total ETF AUM. This ETF has also recorded extremely high trading activity, with daily turnover exceeding the $1 billion mark. On an equivalent scale to the US market, this translates to a daily turnover level of about $150 billion, which 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 an ETF of 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 capital in Hong Kong's derivative ETFs and single-stock leveraged products, while also highlighting the continuously growing activity in high-risk structured ETF trading within the Asian market.