So crazy! Bloomberg analyst: Hong Kong's "2x Long SK Hynix ETF" surges 10x in size, single-day trading volume breaks $1 billion

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The AI frenzy has created a massive capital-attracting beast! Bloomberg senior ETF analyst Eric Balchunas exclaimed today (27th) that a "2x Long SK Hynix ETF (ticker: 7709)" in Hong Kong has seen its assets under management surge 10x this year, with daily trading volume exceeding $1 billion, catapulting it to become the third-largest ETF in Hong Kong. Behind this astonishing craze lies SK Hynix's absolute dominance in the HBM chip market, which has driven its stock price up by over 1,000% in the past year, officially pushing its market capitalization past the $1 trillion mark. (Previous coverage: Valuation gap between Bitcoin and US tech stocks hits record high! Bitwise: BTC expected to see a catch-up rally in the second half of the year) (Background supplement: US stock short interest hits record high! Analysis: Bitcoin is "decoupling" into a hybrid asset, poised to become the second liquidity endpoint) Driven by the AI wave, global capital is flooding into key hardware supply chains at an unprecedented speed, and this frenzy has triggered a historic anomaly in the Asian ETF market. Today (May 27, 2026), Bloomberg senior ETF analyst Eric Balchunas posted a tweet on X that sparked heated market discussion, revealing that a leveraged ETF listed in Hong Kong is demonstrating "unprecedented" capital-attracting power. The 2x SK Hynix ETF (7709) in Hong Kong has grown aum 10x this year and is now the 3rd biggest ETF in that market, accounting for 8.5% of all the assets. That's insane. It would be like an ETF in the US having $1.3T, which doesn't exist. It also trades over $1b/day (which is US… pic.twitter.com/uo6xenH1lm — Eric Balchunas (@EricBalchunas) May 27, 2026 Eric Balchunas pointed out that the 2x Long SK Hynix ETF (ticker: 7709) in the Hong Kong market has seen its assets under management (AUM) grow by a staggering 10 times this year. Currently, this ETF has jumped to become the third-largest ETF in the Hong Kong market, with a single product accounting for 8.5% of the total assets of the entire Hong Kong ETF market. To help investors understand how exaggerated this figure is, Balchunas used the US market as a comparison: "That's insane. It would be like an ETF in the US having $1.3 trillion in assets (a beast that doesn't exist in the US currently). Furthermore, it trades over $1 billion per day; converted to the scale of the US market, that's equivalent to $150 billion in daily trading volume, which has never happened in history." The explosive growth of this leveraged ETF is built entirely on the unparalleled fundamental performance of its underlying asset — SK Hynix. Headquartered in South Korea, SK Hynix ranks among the world's top three memory giants alongside Samsung and Micron. More importantly, SK Hynix is currently the absolute leader in the global High Bandwidth Memory (HBM) market. HBM is an indispensable core component for high-end AI training and data center GPUs from companies like Nvidia. Recent reports indicate that SK Hynix holds a market share of approximately 57% in the HBM market. As the company delivered record-breaking revenue and profit performance in the first quarter of 2026, market expectations for a "supply shortage" of high-end memory chips have further intensified, leading to a massive influx of capital into its stock. Returning to the South Korean stock market (ticker: 000660.KS), the stock performance of SK Hynix can be called the miracle of 2026: - Year-to-Date (YTD) gain: As high as 244% to 245%, leaving the KOSPI index far behind. - Historical gain: Over 1,000% (approx. 10x) in the past year; over 300% in the past 6 months. - Market cap milestone: With the stock price recently reaching approximately 2,243,000 KRW, its total market capitalization has officially surpassed $1 trillion, making it one of the world's most valuable tech giants. However, BlockTempo reminds investors that despite the strong fundamentals of AI demand, the semiconductor industry is highly cyclical. Coupled with geopolitical risks and currently extremely high valuations, especially for leveraged ETFs (such as 7709.HK), the volatility risk is

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