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Move Over, Bitcoin: New SpaceX ETF Just Doubled IBIT's Historic Debut

Benzinga·
Move Over, Bitcoin: New SpaceX ETF Just Doubled IBIT's Historic Debut

Following SpaceX's IPO, the Leverage Shares 2X Long SPCX Daily ETF (SPCH) generated $1.3 billion in day-two trading volume, surpassing Bitcoin Trust's previous record of $500 million. However, the article warns that leveraged ETFs like SPCH are designed for short-term trading only, as daily rebalancing creates volatility decay that can result in losses even when the underlying stock breaks even over time.

Read Full Article at Benzinga
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