Hynix Drops Over 12% Today, Southern Double Long Hynix Approaches $17 Billion in Scale
On the X platform, on-chain analyst Ai Yi stated that the Southern Double Long Hynix is a leveraged ETF launched by Southern Dongying, which has seen over a tenfold increase since its listing in October last year, currently approaching a scale of $17 billion. This ETF tracks the performance of SK Hynix's underlying stock at double the rate. If Hynix fluctuates by 5% in a day, the ETF would need to rebalance $1.7 billion, while Hynix's trading volume yesterday was $11.2 billion. South Korean regulators have indicated they are considering separate measures for such leveraged ETFs, which has impacted the price of Southern Double Long Hynix.
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