REX Shares Launches 2X Long SpaceX ETF SPAX

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