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A Billion Dollars of Leveraged SpaceX Bets Hit ETFs in One Day

A Billion Dollars of Leveraged SpaceX Bets Hit ETFs in One Day
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A Billion Dollars of Leveraged SpaceX Bets Hit ETFs in One Day Leveraged bets on SpaceX generated more than $1 billion of trading volume on their first day, as investors rushed to amplify wagers on the biggest IPO in history, underscoring the extraordinary retail appetite surrounding Elon Musk’s newest public company. Roughly a dozen leveraged and inverse SpaceX exchange-traded funds traded on their debut Monday, according to data compiled by Bloomberg, making it one of the busiest first...

A Billion Dollars of Leveraged SpaceX Bets Hit ETFs in One Day Leveraged bets on SpaceX generated more than $1 billion of trading volume on their first day, as investors rushed to amplify wagers on the biggest IPO in history, underscoring the extraordinary retail appetite surrounding Elon Musk’s newest public company. Roughly a dozen leveraged and inverse SpaceX exchange-traded funds traded on their debut Monday, according to data compiled by Bloomberg, making it one of the busiest first days on record for a batch of single-stock leveraged ETFs. While it will take another session before assets and fund flows become clear, the trading volumes alone point to exceptional demand.
SpaceX (ORG) IPO (ORG) Elon Musk’s (PERSON) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →