The 2x SK Hynix ETF in Hong Kong has reached $13 billion in assets, making it the second largest ETF in the market, which comprises 250 ETFs. This ETF now commands 13% of all assets in the Hong Kong ETF market. It has also achieved the status of the fastest growing ETF in Asia of all time and ranks as the fourth fastest growing globally. A recent note on BI ETFSA highlights important considerations regarding volatility drag and tracking error.