SpaceX IPO drives heavy trading in leveraged ETFs

6/20/2026

SpaceX leveraged ETFs surged as 11 funds hit $10B in week-one trading volume See which issuers led the frenzy and why these daily-reset funds carry higher risk

SpaceX’s market debut quickly sparked a surge of leveraged exchangetraded fund activity, with 11 funds tied to the stock launching within days of the IPO. Trading in these products topped $10 billion during the company’s first week on the market, according to Strategas Securities and Bloomberg. The busiest day was Tuesday, when leveraged SpaceX ETF volume reached $4.2 billion. Leverage Shares led early trading, while other issuers, including GraniteShares, ProShares, Defiance, Direxion, and Tradr, also drew substantial volume across long and short funds. The article notes that these ETFs are aimed at sophisticated traders rather than longterm investors because they reset daily and can move away from the stock’s underlying performance over time. The strong opening week followed by a pullback in SpaceX shares also highlighted the risks of using leveraged products in a volatile market.