Overview
- Multiple issuers moved within days to launch or file 2x daily leveraged ETFs tied to SpaceX, with several products announced or active on June 15, 2026.
- Leverage Shares began trading two funds on June 15 on the Cboe: SPCH, a 2x long SpaceX ETF, and SSPC, a 2x inverse SpaceX ETF.
- Direxion rolled out LOFF, a fund that seeks 200% of SpaceX’s daily return, launching one business day after the company’s public debut.
- These ETFs reset every trading session and use derivatives such as swaps and options, which creates path-dependent compounding known as volatility decay and adds counterparty exposure.
- Issuers market the products to active traders and early liquidity will determine winners, with Leverage Shares’ funds carrying a 0.75% fee but trading volume and bid-ask spreads likely to drive real costs for users.