Crypto KOL Leto Bao Clears SK Hynix Position on July 13, Cites Leveraged ETF Imbalance

SK Hynix-15.36%
According to BlockBeats, Leto Bao, known for early Korean tech investments, cleared his SK Hynix position at the end of June due to an imbalance between leveraged ETF and underlying stock dynamics. He stated that he is now holding only U.S. equities and has purchased put options for downside protection. Leto Bao expects South Korean equities to remain volatile and attributed a potential market turnaround to stricter government regulation of leveraged ETFs.
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