BlockBeats News, July 3rd. The Kobeissi Letter published an article stating that the leverage level of the South Korean stock market has reached an extreme state. The assets under management of Korean leveraged ETFs have risen to a historical high of about $45 billion, an increase of about 800% since early 2026.

It pointed out that the leverage exposure as a percentage of free float market capitalization has risen to a historical high of about 2.9%, more than three times higher than the January level. Free float market capitalization refers to the portion of a company's stock that is actually available for public trading.

Meanwhile, the asset size of the 2x long SK Hynix ETF listed in Hong Kong briefly rose to about $15 billion, making it the world's largest single stock leverage product. In comparison, the asset sizes of the four major 2x long ETFs tracking Micron (MU), NVIDIA (NVDA), SanDisk (SNDK), and Tesla (TSLA) have never exceeded $10 billion.