Enthusiasm for AI trading is cooling down; two US stock leveraged ETFs tied to SK Hynix are set for delisting and liquidation.
Two leveraged ETFs tied to SK Hynix are set for liquidation just months after listing; the short positions have plummeted by 42%, and total assets have shrunk by more than 60% from their peak. The AI concept sector is experiencing intense volatility, while Korean regulators have also tightened rules on leveraged products.
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