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SpaceX IPO Sparks 2x ETF Pivot Before Shares Trade

1 min read
Source: ETF.com
TL;DR

On SpaceX's IPO day, Defiance repurposed the SPCL fund to provide 2x exposure to SpaceX, allowing retail investors to buy SpaceX exposure before the stock began trading, amid high volume and a subsequent halt for price volatility; Defiance then introduced SPCU, creating two 2x SpaceX ETFs and prompting questions about how aggressively active funds can change mandates and whether this sets a new precedent for fund makeovers around major events.

Topics:business#business#etfs#leveraged-etfs#spacex#spcl#spcu
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  1. The SpaceX ETF That Traded Before SpaceX Did  ETF.com
  2. Opinion | How to Kick SpaceX Out of Your 401(k)  The New York Times
  3. SpaceX Is Already Having an Impact on One Major Stock Benchmark  WSJ
  4. A Billion Dollars of Leveraged SpaceX Bets Hit ETFs in One Day  Bloomberg.com
  5. Single-Stock SpaceX ETFs Are Coming, but They’re No-Gos for Most Investors  Morningstar

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