world-economy

SpaceX IPO Sparks Unprecedented Leveraged ETF Frenzy

SpaceX's market debut triggered a wave of leveraged trading activity. Within days of the company's June 12 public listing, 11 exchange-traded funds launched. These leveraged products generated over $10 billion in trading volume during SpaceX's first week, exceeding forecasts despite the shortened four-day holiday trading week. Leveraged Shares dominated, with its 2X Long SpaceX ETF accumulating $4 billion in volume and its short counterpart posting $2.56 billion. Three additional funds—GraniteShares' 2X Short offering, ProShares Ultra SpaceX, and Defiance Daily Target 2X Long—also logged significant trading. Peak daily volume reached $2 billion mid-week. The activity reflects investor appetite for amplified bets on the aerospace manufacturer, with both bullish and bearish positioned vehicles attracting substantial capital.