CSOP Asset Management’s CSOP SK Hynix Daily (2x) Leveraged Product (7709.HK) climbed 16.55% in the secondary market by the close on June 22, extending gains tied to SK Hynix’s continued share-price rise. Its year-to-date return has now exceeded 10 times. The move underscores how leveraged ETFs use daily rebalancing to magnify single-day performance, a structure that can amplify gains in strong trends but also makes such products generally more appropriate for short-term trading than long-term holding. Separate market developments included Coinbase saying it will list Anthropic and OpenAI pre-IPO perpetuals and Arcium spot trading, Fomo raising $75 million in a Series B, a U.S. Senate housing bill containing a four-year Federal Reserve CBDC ban, and large crypto treasury purchases by Strategy, Strive and Bitmine.