Hynix fell over 12% today, and the Southern CSOP Hynix 2x Leveraged ETF has a scale approaching $17 billion

According to a post by on-chain analyst Ai Yi on the X platform, the Southern CSOP Hynix 2x Leveraged ETF is a Hong Kong stock leveraged ETF launched by CSOP Asset Management. Since its listing in October last year, its year-to-date gain has exceeded 10 times, and its current scale is approaching $17 billion. The ETF tracks twice the daily performance of SK Hynix's underlying stock. If Hynix fluctuates 5% on a given day, the ETF would need to rebalance $1.7 billion, while Hynix's single-day trading volume yesterday was $11.2 billion. South Korean regulators have indicated they are considering taking separate measures against such leveraged ETFs, causing the share price of the Southern CSOP Hynix 2x Leveraged ETF to decline.