AI Momentum Cools, SK Hynix-Related Leveraged Funds to Be Delisted from U.S. Markets
Source:
www.bloomberg.com
According to Bloomberg, two leveraged exchange-traded funds linked to SK Hynix will be liquidated and delisted after only a few months in the U.S., as investor enthusiasm for AI trading gradually cools. These two long/short products issued by Tradr ETFs offer traders twice the daily leverage on the price movements of the Korean chipmaker's American Depository Receipts (ADRs), along with twice the inverse daily returns. The ETF issuer stated in a notice that both funds will complete their liquidation around November 12.