The exchange-traded fund (ETF) launch coincides with SpaceX’s 12 June listing, expanding the firm’s leveraged thematic lineup.
Maryland-based ETF provider ProShares has introduced the ProShares Ultra SpaceX ETF (SPCF), designed to deliver 2X daily returns of SpaceX on the day the company is scheduled to go public. The space technology firm's listing is scheduled for 12 June. SPCF will target 2X (200%) the daily returns of the share price of SpaceX The launch coincides with SpaceX’s planned initial public offering (IPO), through which the company aims to raise US$75 billion at a projected valua