Two leveraged exchange-traded funds linked to SK Hynix are set to be liquidated and delisted in the United States just months after listing, according to Bloomberg. The products were issued by Tradr ETFs and were designed to give traders amplified exposure to the daily moves of the South Korean chipmaker’s American depositary receipts. One fund offered 2x leveraged exposure to daily gains and losses, while the other provided 2x inverse daily returns. In a statement, the ETF issuer said both funds are expected to complete liquidation around Nov. 12. Bloomberg said the move comes as investor enthusiasm for AI-related trades has been cooling.
Two leveraged exchange-traded funds tied to SK Hynix will be liquidated and delisted in the U.S. just months after their launch, Bloomberg reported, as investor enthusiasm for AI-related trades continues to cool.
The two products, issued by Tradr ETFs, gave traders either 2x leveraged exposure to the daily gains and losses of the South Korean chipmaker’s American depositary receipts or 2x inverse daily returns.
In a statement, the ETF issuer said both funds are expected to complete liquidation around Nov. 12.
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