GraniteShares launches leveraged and inverse SpaceX ETFs

GraniteShares has launched two exchange-traded funds (ETFs), offering leveraged long and short exposure to SpaceX, as demand grows for short-term trading products linked to major technology and growth companies.

GraniteShares, an independent ETF issuer known for its leveraged single-stock ETFs, has launched the GraniteShares 2x Long SpaceX Daily ETF and GraniteShares 2x Short SpaceX Daily ETF, expanding its leveraged single-stock lineup following SpaceX’s public market debut.

The launch provides investors with new tools to express bullish or bearish short-term views on one of the most closely watched companies in the world. Long anticipated by investors, SpaceX enters the public markets following years of growth driven by its launch services business, Starlink satellite network, and leadership in the rapidly evolving commercial space industry.

About the funds

SPAL: GraniteShares 2x Long SpaceX Daily ETF seeks daily investment results, before fees and expenses, of 200% (2x) of the daily percentage change in the price of SpaceX common stock.

SNK: GraniteShares 2x Short SpaceX Daily ETF seeks daily investment results, before fees and expenses, of -200% (-2x) the inverse of the daily percentage change in the price of SpaceX common stock.

"Few companies have generated as much investor interest as SpaceX," said Will Rhind, founder and CEO of GraniteShares. "Its transition to the public markets represents one of the most anticipated market events in recent years. With SPAL and SNK, traders can now take 2x leveraged or short positions on a company that sits at the forefront of innovation across aerospace, satellite communications and space technology."

SpaceX enters the public markets at a time when investor interest in transformational technology companies remains high. The company has established itself as a leading force in commercial spaceflight while simultaneously building Starlink into one of the world's largest satellite communications networks. Its activities span launch services, satellite broadband, government contracts, and emerging opportunities within the rapidly evolving space economy.

The introduction of SPAL and SNK expands GraniteShares' suite of leveraged single-stock ETFs, which are designed to provide sophisticated investors and active traders with efficient tools to express short-term market views on some of the world's most closely followed companies.

Re-disseminated by Wealth and Society