SK Hynix soared 13%, while the double long ETF plummeted 40%

By: rootdata|2026/06/10 04:45:01

The leveraged ETF tracking chip giant SK Hynix, "KIM ACE SK Hynix Individual Stock Leveraged ETF," plummeted by 40% shortly after the market opened on Tuesday (the latest decline narrowed to about 30%), while during the same period, SK Hynix's stock price surged over 13%. Previously, this ETF had shown unusual volatility on Monday, when it soared by 50% at the close, while the underlying stock SK Hynix fell nearly 8%. The consecutive two days of "reverse bouncing" have intensified market scrutiny of the ETF manager, Korea Investment Management Co.

The company stated that the unusual situation of this $37 million fund initially observed on Monday stemmed from insufficient liquidity. Jung In Yun, CEO of Fibonacci Asset Management, said, "Such price imbalances are rare but not unprecedented. ETFs typically rely on market makers to ensure prices align with the underlying assets. However, during the closing auction phase on Monday, these safeguards may weaken, especially in niche products with limited trading volume."

Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

Young people in South Korea make a "final effort" in the epic bull market

The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.

The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts

SpaceX's equity update has sparked controversy over on-chain liquidations. Trade.xyz refuses to reset the SPCX pricing, and the lack of a Rebase mechanism in Perp DEX has led to a significant trust test for on-chain Pre-IPO assets.

How much longer can Ethereum's last big buyer hold on?

According to Bitmine's current buying pace, the 5% target is expected to be reached next month, and at that time, there may be no further increases in holdings. So, who will fill the buying gap for Ethereum?

World Cup 2026 Coming – WEEX Celebrates with $1M Prize Pool & Michael Owen Live

The 2026 FIFA World Cup is hours away. WEEX unveils the “World Cup x Dice Rush” campaign with a 1,000,000 USDT prize pool. Plus, Michael Owen reunites with WEEX COO for an exclusive pre-match livestream. Join now!

Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market

The tokenization of financial assets is moving from pilot projects to large-scale implementation, but this is a gradual evolution rather than a fierce revolution.

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus

Overview of Important Market Events on June 11