LeverageShares to Launch 3x Leveraged SpaceX ETF on Friday, Balchunas Says

Bloomberg senior ETF analyst Eric Balchunas said on X that LeverageShares will launch a 3x leveraged SpaceX ETF this Friday. According to Odaily, the U.S. dollar share class will trade under the ticker ELON, while the British pound share class will trade under the ticker MUSK. LeverageShares will also launch a 3x leveraged SK Hynix ETF and a 3x leveraged DRAM ETF at the same time, Balchunas said. He added that these products are aimed at investors with higher risk tolerance and are designed for short-term amplified returns, while carrying high volatility risk.