Over $1 billion inflows in a single day, leveraged funds aggressively bet on SpaceX to ignite the ETF market
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Due to the continued surge in SpaceX's share price, leveraged ETFs that short the stock suffered heavy losses, with at least four related ETFs falling nearly 20% in a single day on Monday (15th); while long products recorded significant gains. The rapid launch of these products highlights how quickly Wall Street has catered to retail investors' enthusiasm for SpaceX—just days after the IPO, investors were able to choose from a variety of leveraged long and short ETFs. (Bloomberg) Related article: SpaceX surged another 17% at one point, market value surpassed Microsoft, and stock options began trading
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