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

Odaily Planet Daily News: Eric Balchunas, Senior ETF Analyst at Bloomberg, stated on platform X that LeverageShares will launch a 3x leveraged SpaceX ETF this Friday. The USD-denominated share will trade under the ticker $ELON, while the GBP-denominated share will trade under the ticker $MUSK. Additionally, the company will also simultaneously launch a 3x leveraged SK Hynix ETF and a 3x leveraged DRAM ETF, covering currently popular market targets. Analysis suggests these products are aimed at investors with higher risk tolerance, offering opportunities for short-term amplified returns, but also accompanied by high volatility risk.