Summary
- US asset managers are preparing to launch the first US leveraged ETFs tied to SK Hynix.
- GraniteShares filed a registration statement with the US Securities and Exchange Commission (SEC) for a 2x leveraged ETF (SKUU) and a 2x inverse ETF (SKDD).
- Several US asset managers are pursuing SK Hynix ADR-linked ETFs, which would expand US investors’ access to SK Hynix.
Forecast Trend Report by Period
US asset managers are stepping up efforts to launch products tied to SK Hynix after the South Korean chipmaker recently surpassed Samsung Electronics to become the country’s most valuable company by market capitalization. The first US leveraged exchange-traded funds linked to SK Hynix may soon come to market.
GraniteShares has filed a registration statement with the US Securities and Exchange Commission for a 2x leveraged ETF tied to SK Hynix under the ticker SKUU and a 2x inverse ETF under the ticker SKDD, according to Cryptopolitan on June 27.
US asset managers have been moving to roll out related products as SK Hynix pursues an American depositary receipt listing. Alongside GraniteShares, T-REX, Themes ETFs, ProShares, Direxion, Defiance ETFs and Amplify ETFs are also seeking to launch ETFs tied to a SK Hynix ADR.
The ETFs would expand US investors’ access to SK Hynix, Cryptopolitan wrote.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.