What happened

Leverage Shares by Themes (Themes ETF Trust) launched the first 2x single-stock SpaceX ETFs on Cboe, June 16, 2026 — days after SpaceX's June 12 IPO (underlying ticker SPCX):

• $SPCH — Leverage Shares 2X Long SPCX Daily ETF (+200% of SpaceX's daily move).
• $SSPC — Leverage Shares 2X Short SPCX Daily ETF (−200% of SpaceX's daily move).

Both carry a 0.75% expense ratio (low-cost vs peers) and are explicitly "designed for sophisticated investors and active traders… not intended as buy-and-hold." Day-one combined volume topped $500M (SPCH ~$282M, SSPC ~$219M); per Bloomberg Intelligence, SPCH's first-day volume was the largest for a new ETF since IBIT (the spot-Bitcoin ETF).

Competing 2x SpaceX wrappers also exist (ProShares $SPCF Ultra SpaceX, Direxion $LOFF SpaceX Bull 2X) — the space is already crowded; Leverage Shares is the low-fee entrant.

Why it matters

• spacex-ipo-liquidity-event: the near-instant arrival of leveraged single-stock wrappers — and IBIT-scale day-one volume — is a direct retail-demand / speculative-intensity readout on the SpaceX IPO. This is the ETF-plumbing layer of the mega-IPO supercycle, not a thesis shift.
• Ticker-identity note: SPCH / SSPC / SPCX are tagged here for event provenance only; leveraged daily ETFs are decay-prone and not trend-hold instruments — keep them out of watchlist/trade rows unless explicitly authorized.

Sources

• Issuer / launch (primary): Leverage Shares by Themes — 2x SpaceX ETFs debut, $500M+ first-day volume (BusinessWire via Yahoo, corrected release); issuer pages themesetfs.com/etfs/sspc, leverageshares.com SPCH.
• Original pointer: capture 2026-06-11-IPONewsroom_-the-2x-long-and-short-spacex-etfs-are-coming-... (@IPONewsroom_ pre-announcement — verified + corrected here: SSPC is the −2x SHORT, not a long; no "$SPCQ").