The world’s largest single-stock leveraged ETF just got a little more aggressive. CSOP Asset Management is raising the options investment cap on its SK Hynix Daily (2x) Leveraged Product from 40% to 49% of net asset value, effective June 23.
The fund, trading under ticker 7709.HK, has surpassed HKD 100 billion in assets under management, roughly $12.8 billion. That makes it bigger than any single-stock leveraged ETF on the planet, including US heavyweights like TSLL, the Direxion Daily Tesla 2x fund.
What the options cap change actually means
CSOP’s SK Hynix product aims to deliver 2x the daily performance of SK Hynix common stock, and it primarily uses swaps to get there. Options serve as a supplementary tool. By raising the options ceiling from 40% to 49% of NAV, CSOP is giving itself more room to use options when market conditions call for it. Earlier documentation had noted the cap at just 25% with potential increases, so this represents a meaningful evolution in the fund’s investment strategy since its October 2025 launch.
The announcement was made on June 21, with the change taking effect two days later.
