REX Shares Launches 2X Long SpaceX ETF SPAX

Odaily reported that REX Shares has announced the launch of a 2X Long SpaceX exchange-traded fund, the T-REX 2X Long SpaceX Daily Target ETF (SPAX). The fund will provide 2X single-day long leveraged exposure to SpaceX stock. However, REX Shares cautioned that the fund is a high-risk leveraged product, suitable for investors with professional trading experience, and that holding periods beyond a single day may carry the risk of significant deviation from the performance of the underlying asset. (Businesswire)