Shares of the quantum computing corporation IonQ plummeted, leading to the delisting process of a United Kingdom-listed exchange-traded product (ETP) that tracks the daily stock price increase of IonQ by three times.
According to the financial investment industry on the 9th, the Leverage Shares 3x Long IonQ ETP listed on the London Stock Exchange is entering liquidation procedures. This ETP tracks the daily stock price increase of IonQ by three times, but IonQ's stock price dropped 39% overnight, resulting in a net worth of negative (-).
Some domestic securities firms also traded this ETP. Samsung Securities notified customers holding the Leverage Shares 3x Long IonQ ETP on the morning of the same day, stating, 'Due to London Stock Exchange regulations, trading is suspended until the asset management company's (Leverage Shares) liquidation process is complete, and trading is not possible.'
A comment from Jensen Huang, chief executive officer of NVIDIA, led to declines in the stock prices of quantum computing-related stocks, including IonQ. Huang noted during a global press conference held at the Consumer Electronics Show (CES 2025) on the 7th (local time), "We are collaborating with quantum computing corporations, but it may take 20 to 30 years for a useful level of products to emerge, and we may only see initial-stage products in 15 years."
The KOSEF U.S. Quantum Computing Exchange-Traded Fund (ETF) listed on the domestic stock market also dropped to a record low (8,860 won) after being listed. This ETF has the largest proportion of IonQ among its components. In addition, other quantum computing-related stocks listed on the domestic market, including AXGATE, ICTK, KC&S, and WOORIRO, all recorded double-digit declines on the same day.