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The AI boom cools down, and leveraged funds related to SK Hynix will be delisted in the US
3 day ago /
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Author：小编
Two leveraged ETFs linked to SK Hynix—the Tradr 2x Long SK Hynix Daily ETF (SKHA) and the Tradr 2x Short SK Hynix Daily ETF (SKHN)—will be liquidated just three months after their US listing. These two ETFs track twice the daily returns and inverse daily returns, respectively, of SK Hynix's American Depositary Receipts (ADRs) and will complete liquidation around November 12. The reason for the liquidation is that the market's investment enthusiasm for the artificial intelligence sector has cooled down, leading to a significant shrinkage in the asset sizes of these two ETFs.
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