The U.S.-listed funds, SKUU and SKDD, would offer 2x long and inverse daily exposure to SK Hynix as issuers race to list single-stock products tied to the AI memory-chip maker.
GraniteShares plans to launch the first U.S. leveraged ETFs linked to SK Hynix, broadening U.S. access to a South Korean chipmaker whose shares have surged on demand for AI memory. The proposed funds, SKUU and SKDD, would target twice the daily performance of SK Hynix stock in long and short form, respectively. SEC filings show GraniteShares submitted the prospectus in March and later filed delaying amendments, with the latest setting an effective date of July 2, 2026. The move comes as SK Hynix has become a focal point for single-stock leveraged products globally, with similar vehicles already trading in Hong Kong and London. The filing is also part of a wider push in the U.S., where six other asset managers have registered leveraged ETF products tied to planned Nasdaq-listed SK Hynix ADRs. South Korean regulators have meanwhile raised concerns that leveraged chip-stock products are adding to market volatility and margin-financed retail trading.