Too crazy! Bloomberg analyst: Hong Kong’s “2x Long SK Hynix ETF” sees its scale surge 10-fold, with daily trading volume surpassing $1 billion

AI frenzy creates a super money-making beast! Bloomberg senior ETF analyst Eric Balchunas exclaimed today (27th) that a leveraged ETF in Hong Kong, "2x Long SK Hynix ETF (Code: 7709)," has seen its assets skyrocket 10 times this year, with daily trading volume surpassing $1 billion, directly ranking as Hong Kong's third-largest ETF. This astonishing wave of popularity is attributed to SK Hynix's absolute dominance in the HBM chip market, driving its stock price to surge over 1,000% in the past year, with market capitalization officially breaking the trillion-dollar mark.
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• Asset size surges 10x, Bloomberg analyst: This is crazy
• Behind the scenes: SK Hynix dominates over half of the HBM chip market
• Stock price skyrockets 1,000% in a year, market cap crosses one trillion dollars

Driven by the wave of artificial intelligence (AI), global capital is flowing into key hardware supply chains at an unprecedented speed, and this frenzy has sparked a historic anomaly in the Asian ETF market.

Today (May 27, 2026), Bloomberg senior ETF analyst Eric Balchunas posted a widely discussed message on social platform X, revealing that a leveraged ETF listed in Hong Kong is demonstrating "unprecedented" money-raising ability.

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

Asset size surges 10x, Bloomberg analyst: This is crazy

Eric Balchunas pointed out that the 2x Long SK Hynix ETF (stock code: 7709) in Hong Kong has astonishingly grown its assets under management (AUM) by 10 times this year. Currently, this ETF has become the third-largest in Hong Kong, accounting for 8.5% of the entire Hong Kong ETF market.

To help investors grasp how outrageous this data is, Balchunas used a US market comparison:

"This is insane. It’s like an ETF in the US reaching $1.3 trillion in size (which doesn’t exist). Plus, it trades over $1 billion daily, which, scaled to the US market, would be equivalent to $150 billion in daily trading—something that has never happened in history."

Behind the scenes: SK Hynix dominates over half of the HBM chip market

The explosive growth of this leveraged ETF is entirely built on the fundamental performance of its underlying asset — SK Hynix’s unparalleled fundamentals.

Headquartered in South Korea, SK Hynix ranks alongside Samsung and Micron as one of the world's top three memory chip giants. More critically, SK Hynix is currently the absolute leader in the high-bandwidth memory (HBM) market. HBM is an essential component for high-end AI training and data center GPUs from Nvidia and others. Recent reports show SK Hynix holds approximately 57% market share in HBM.

With the company reporting record revenue and profit in Q1 2026, market expectations of a supply shortage for high-end memory chips have further intensified, leading to massive inflows of capital into its stock.

Stock price soars 1,000% in a year, market cap crosses one trillion dollars

Returning to the Korean stock market (Code: .KS), SK Hynix’s stock performance is nothing short of a 2026 miracle:

• Year-to-date (YTD) increase: up 244% to 245%, far outpacing the KOSPI index.
• Historical surge: over 1,000% (about 10 times) in the past year; over 300% increase in the past six months.
• Market cap breakthrough: recent stock price around 2,243,000 KRW, pushing its total market value past $1 trillion, making it one of the most valuable tech giants globally.

However, the investment firm also reminds investors that despite strong fundamentals driven by AI demand, the semiconductor industry is highly cyclical. Coupled with geopolitical risks and current extremely high valuations, especially for leveraged ETFs like 7709.HK, there is significant volatility risk in market corrections. Investors should exercise caution before entering.