finance
GraniteShares Launches 2x Leveraged and Inverse SpaceX ETFs
GraniteShares introduced two new exchange-traded products that provide 2x daily exposure to SpaceX shares. The funds allow investors to take long or short positions with daily resets and carry elevated risk of loss.
Jun 18, 3:11 PM·1m read4 sources
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GraniteShares launched two exchange-traded products that offer 2x daily exposure to SpaceX shares. One product seeks 2x long exposure while the second seeks 2x short exposure. The products are identified by the tickers $SPAL for the long version and $SNK for the short version.
Both are designed to reset daily and carry the standard risks associated with leveraged and inverse products. GraniteShares stated that the offerings allow investors to trade SpaceX with 2x leverage in either direction. The announcement noted that such products involve high risk, including the possibility of total loss.
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