At Least 6 SK Hynix ADR Leverage ETFs Set to Launch in U.S. Next Week

SK Hynix-0.27%
According to Bloomberg, at least six leverage ETFs tracking SK Hynix ADR will launch next week from asset managers including ProShares, Leverage Shares, and REX Shares. Some firms are also reviewing inverse ETF products that bet on price declines. The wave of single-stock leverage ETF launches follows SK Hynix's July 10 debut on Nasdaq. For context, a Hong Kong-based CSOP leverage ETF tracking SK Hynix once managed over $16 billion in assets, becoming one of the world's largest single-stock leverage ETFs. Market participants have raised concerns that proliferation of single-stock leverage ETFs in the U.S. could amplify share price volatility, similar to patterns observed in South Korean markets.
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