The SK Hynix ETF boom is gradually becoming an important force in the trading of this stock.

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Golden Finance reports that on June 11th, Leverage Shares analyst Sandeep Rao stated that a series of leveraged exchange-traded funds (ETFs) linked to SK Hynix have triggered a large volume of derivatives trading, causing these products and their related hedge fund flows to currently account for about 60% to 70% of this chip manufacturer's stock trading volume.
This phenomenon highlights that the enthusiasm for artificial intelligence has shifted from investors buying stocks to leveraged ETFs taking up a larger share.
In the past year, SK Hynix's stock price has surged approximately 780%, and the resulting options trading volume has become sufficiently large.
Some market participants suggest that the flow of funds may be as important as the company's fundamentals.
Rao said, "The inflow of funds into SK Hynix stock is increasingly coming from leveraged ETFs rather than the attractiveness of the company's stock itself.
In essence, the cash stock market is now dominated by leveraged ETFs, not the other way around."
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