finance
GraniteShares Launches 2x Long and 2x Short SpaceX ETFs
GraniteShares introduced two new leveraged exchange-traded funds tied to SpaceX performance. The products trade on the SPCX platform under tickers SPAL and SNK.
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GraniteShares launched a pair of leveraged exchange-traded funds that track SpaceX shares in opposite directions. One product seeks twice the daily performance of SpaceX, while the other seeks twice the inverse of that performance. The long fund trades under the ticker SPAL.
Both funds are listed on the SPCX platform. The products reset exposure each trading day. GraniteShares stated that the funds carry high risk, including the possibility of total loss.
The announcement was posted by the account @graniteshares. @unusual_whales reported the launch of both ETFs.
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