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BlockBeats News, June 22nd, according to Bloomberg, CSOP Asset Management Ltd. will increase the options investment limit of a $14.4 billion leveraged ETF linked to South Korean chipmaker SK Hynix. After a sharp rise in SK Hynix's stock price, this move will provide the fund manager with greater operational flexibility. According to a statement released by CSOP on Sunday, starting from Tuesday, the fund can invest up to 49% of its net asset value (NAV) in options. The fund aims to achieve a daily investment return twice the performance of SK Hynix's stock. This adjustment raises the options investment limit from the previous 40% to 49%. Just in May of this year, CSOP had raised this limit from 25% to 40%. In other words, as SK Hynix's stock price continues to soar driven by AI and HBM (High Bandwidth Memory) demand, a large amount of funds have flowed into this 2x leveraged ETF. In order to maintain the product's leverage target and cope with the rapid expansion of the fund size, CSOP is gradually relaxing the percentage limits on the fund's use of options and other derivatives. Click on the original text link below to join the BlockBeats Beating · Feishu AI News Channel, monitoring global AI hotspots and news 24/7.

On June 22, SK Hynix's market value briefly surpassed that of Samsung Electronics, making it the most valuable company in South Korea. (Sina Finance)

According to Digital Asset, the Korean Financial Intelligence Unit (FIU) proposed at the FATF plenary meeting to expand the application scope of the virtual asset Travel Rule to small-value transactions, and suggested imposing transaction restrictions on high-risk unregistered virtual asset service providers. The Korean delegation recommended that member states apply the Travel Rule to both sending and receiving VASPs, and expand its application to cover small-value transactions. Korea also suggested strengthening customer identity verification obligations and considering transaction restrictions against high-risk unregistered VASPs.