PiCK
GraniteShares Files for First US Leveraged, Inverse ETFs Linked to SK Hynix
Summary
- GraniteShares filed a registration statement with the SEC to launch a 2x leveraged ETF (SKUU) and a 2x inverse ETF (SKDD) linked to SK Hynix.
- T-REX, Themes ETFs, ProShares, Direxion, Defiance ETFs and Amplify ETFs are also pursuing related ETF launches as SK Hynix ADR listing plans advance.
- Cryptopolitan said the new ETF products would expand US investors’ access to SK Hynix.
Forecast Trend Report by Period
US asset managers are stepping up their focus on 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 tied to SK Hynix may launch soon.
GraniteShares has filed a registration statement with the US Securities and Exchange Commission for a 2x leveraged ETF linked to SK Hynix under the ticker SKUU and a 2x inverse ETF under the ticker SKDD, Cryptopolitan reported on June 27.
US asset managers have been rushing to launch 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 added.
Bloomingbit Newsroom
news@bloomingbit.ioFor news reports, news@bloomingbit.io