STOCKS | Bloomberg Analyst Balchunas Says Hong Kong 2x Leveraged SK Hynix ETF Reaches $13 Billion in Assets

A 2x leveraged SK Hynix ETF in Hong Kong has reached about $13 billion in assets, ranking second among roughly 250 ETFs in the local market and accounting for about 13% of total ETF assets, Bloomberg senior ETF analyst Eric Balchunas said in a post on X. According to Odaily, Balchunas said the product is viewed as the fastest-growing ETF in Asia’s history and the fourth-fastest-growing ETF globally. The report said analysis attributed the ETF’s rapid expansion to concentrated market bets on an AI-driven semiconductor cycle and the continued popularity of leveraged tools in regional capital markets.