The products track SpaceX exposure through SPCX using leveraged and inverse daily-reset structures that carry high risk, including the possibility of total loss.
GraniteShares has launched two SpaceX-linked ETFs on SPCX: the 2x long SPAL and the 2x short SNK. The funds use leveraged and inverse structures with a daily reset, meaning they are designed to deliver amplified or opposite daily performance rather than long-term returns. The launch highlights growing demand for targeted trading products tied to high-profile private-market exposure, while the issuer warns the ETFs are high risk and can result in total loss.