SK Hynix just pulled off one of the largest foreign listings in US exchange history, and Wall Street’s financial product factories are already running at full speed to capitalize on it.
The South Korean memory chipmaker priced its American Depositary Receipts at $149 each on Nasdaq under the ticker SKHY, raising approximately $26.5 billion. The company issued 17.79 million new shares via ADRs, representing about 2.5% of its outstanding shares.
The leveraged product gold rush
Multiple US asset managers are racing to launch or file for leveraged ETFs tied specifically to SK Hynix’s new ADRs. The ProShares Ultra SK Hynix ETF, trading under the ticker SKHU, is set to launch on July 13, 2026, targeting a 2x daily return on SKHY shares. Leverage Shares has its own 2x Long SK Hynix Daily ETF (SKHX) in the pipeline, and Direxion is filing for its Daily SK Hynix Bull 2X ETF (SKHL).
South Korea actually beat Wall Street to the punch here. Sixteen single-stock leveraged and inverse products for SK Hynix and Samsung launched in Korea on May 27, 2026.
