Leveraged SpaceX ETFs record $10 billion in trading, Nate Geraci notes

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Leveraged SpaceX ETFs record $10 billion in trading, Nate Geraci notes — Leveraged SpaceX ETFs reach $10 billion

Nate Geraci reports that leveraged SpaceX exchange-traded funds (ETFs) have achieved over $10 billion in trading volume within the first four days of trading. Leading this surge is the Leverage Shares 2X Long SPCX Daily ETF (SPCH), which alone saw $4 billion in volume.

Geraci describes this as a massive early success for these investment products.

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SpaceX shares have climbed nearly 50 percent since the company's IPO, according to an earlier report by Geraci. Leveraged and inverse SpaceX ETFs began trading recently, with Geraci previously predicting significant trading volumes at launch. The rapid uptake of these products follows strong demand seen in the underlying stock.

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