Data-Wave

SK Hynix's US listing sparks rush of single-stock ETF filings

SK Hynix's US listing sparks rush of single-stock ETF filings

At least 10 fund managers, including major issuers Direxion and ProShares, ​have filed registrations to list single-stock exchange-traded ‌funds tracking SK Hynix soon after the chipmaker begins trading in the U.S., according to regulatory filings.

*Almost all ​of the filings referring to SK Hynix ​are for leveraged and inverse strategies tracking ⁠the Korean chipmaker's Nasdaq-listed ADRs.

*SK Hynix is due ​to begin trading on the Nasdaq on Friday ​after raising $26.5 billion this week.

*Fund managers include ThemesETFs, which plans to list a 2x levered ETF and a 1x short ​ETF on Cboe on July 13 under its ​Leverage Shares brand, according to a press release.

*CorgiFunds has filed to ‌list ⁠a 2x levered SK Hynix ETF on the Cboe BZX Exchange, which is scheduled to begin trading the same day, the fintech said in ​a press release.

*Direxion ​is also ⁠seeking to list a 2x levered SK Hynix ETF which will "begin trading shortly ​after SK Hynix's ADR lists on ​Nasdaq," ⁠it said in a press release.

*Leveraged ETFs tracking SK Hynix's shares in Korea have been cited as a ⁠factor ​warping the Seoul market, with ​the head of the country's market regulator saying he regretted approving ​them.(Reuters, 2026-07-10)