25 SpaceX ETFs Register with SEC, 12 Featuring 2x Leverage

According to Bloomberg Intelligence, 25 SpaceX ETFs have filed with the Securities and Exchange Commission, with 12 of them structured as either 2x leveraged long or inverse short funds. Leveraged ETFs have surged in popularity among retail traders despite their complexity and higher costs.

Assets under management in leveraged ETFs exceeded $190 billion as of mid-May, per JPMorgan, representing roughly 27% of all ETF launches over the past year. These single-stock leveraged products double or triple a stock's daily performance through daily rebalancing, but incur hidden costs through swap arrangements with banks that hedge their own risks.