Bloomberg Analyst: LeverageShares to Launch 3x Leveraged SpaceX ETF This Week

Odaily reported that Eric Balchunas, Senior ETF Analyst at Bloomberg, stated on platform X that LeverageShares will launch a 3x leveraged SpaceX ETF this Friday. The U.S. dollar share will trade under the ticker $ELON, and the sterling share under $MUSK. Additionally, the company will also simultaneously launch a 3x leveraged SK Hynix ETF and a 3x leveraged DRAM ETF, covering currently hot market targets. Analysis notes that these products are designed for investors with a higher risk appetite, offering opportunities for short-term amplified returns, but also accompanied by high volatility risk.