Leverage Shares launches 2X Long and Short SpaceX ETFs on Cboe
Leverage Shares by Themes launched the 2X Long (SPCH) and 2X Short (SSPC) SpaceX ETFs on the Cboe, offering 200% and -200% daily leveraged exposure to SpaceX common stock starting June 15, 2026. The actively managed funds use derivatives and carry a 0.75% expense ratio.
*this image is generated using AI for illustrative purposes only.
Leverage Shares by Themes announced the launch of the Leverage Shares 2X Long SpaceX Daily ETF (SPCH) and the Leverage Shares 2X Short SpaceX Daily ETF (SSPC), both trading on the Cboe starting June 15, 2026. The ETFs provide active traders and sophisticated investors with tools to express bullish or bearish views on SpaceX, leveraging the convenience and efficiency of an ETF structure. The launch follows the historic IPO of SpaceX and aims to help market participants navigate volatility and momentum around landmark public listings.
SPCH seeks daily investment results corresponding to 200% (2x) of the daily performance of SpaceX common stock, while SSPC seeks results corresponding to -200% (-2x). Both funds are actively managed and utilize swaps, options, and other derivatives to provide efficient leveraged exposure. The ETFs carry an expense ratio of 0.75%.
The launch continues Leverage Shares' track record of innovation, following its earlier introduction of a leveraged ETF tied to Cerebras Systems immediately after its IPO. Paul Marino, Chief Revenue Officer, emphasized the significance of SpaceX's IPO as a defining market event and highlighted the firm's commitment to delivering timely trading tools.
Key Details of the ETFs
| ETF Name | Ticker | Leverage | Start Date | Exchange |
|---|---|---|---|---|
| Leverage Shares 2X Long SpaceX Daily ETF | SPCH | 200% | June 15, 2026 | Cboe |
| Leverage Shares 2X Short SpaceX Daily ETF | SSPC | -200% | June 15, 2026 | Cboe |
Themes ETFs, established in 2023 by the Co-Founders of Leverage Shares, offers thematic and sector-based products in the US. Themes Management Company LLC serves as the adviser to the Themes ETFs Trust. Leverage Shares, founded in 2017, specializes in innovative daily leveraged and inverse ETFs, with over $2B in AUM and 160+ ETPs across European exchanges.
How will the introduction of leveraged SpaceX ETFs impact the liquidity and volatility of SpaceX's underlying stock?
Will the success of SPCH and SSPC prompt Leverage Shares to launch similar leveraged products for other upcoming high-profile IPOs?
What regulatory challenges might arise from offering 2x leveraged exposure to a newly public company like SpaceX?
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