Ticker:
SSPC
2x Short SPCX Daily ETF
Expense Ratio: 0.75%
*Short-term investment. Leveraged funds carry significant risk.
SPCH 2x Long SpaceX Daily ETF
Short-term investment. Leveraged funds carry significant risk. See prospectus for details.
Explore SPCHOverview
What is the SSPC ETF?
The Leverage Shares 2x Short SPCX Daily ETF (SSPC) is a -2x Daily Leveraged (Bear) exchange traded fund (ETF) designed to provide -200% (-2x) the daily performance of SpaceX stock (SPCX), minus fees and expenses. This product allows sophisticated investors and active traders to gain magnified exposure to a single stock through a regulated, liquid leveraged ETF structure listed on Cboe.
Fund Objective
To seek daily investment results, before fees and expenses, that correspond to -200% (-2x) the daily performance of the underlying (SPCX).
Who is this fund for?
Sophisticated investors and active traders seeking to express short-term bearish views on SPCX or tactically hedge long positions, via transparent inverse exposure and without using a margin account or borrowing shares to short.
Management fees lower than the category average
Source: Bloomberg, as of April 24, 2026
Key Facts
Key Information
As of 06/11/2026
Trading Details
As of 06/11/2026
Distributions
As of 06/11/2026
2025 Distribution Schedule
Distribution Schedule (.xlsx)*The 30-day SEC yield is a standardized calculation used for bond funds, specifically those registered with the U.S. Securities and Exchange Commission (SEC). It represents the net investment income (dividends and interest) earned over the last 30 days, after deducting expenses, and expressed as an annualized rate.
Distributions are not guaranteed.
Holdings & Characteristics
Sector & Country Breakdown
Key Features & Competitive Advantages
Cost Leadership (0.75% Expense Ratio)
SSPC features a total expense ratio of 0.75%, which is approximately 30% lower than the category average for comparable leveraged single-stock ETFs. This minimizes the drag on returns for active traders.
Risk Management (No Margin Calls)
Unlike trading on margin, investors in SSPC cannot lose more than their initial investment. There is no risk of a broker issuing a margin call that demands more cash, providing a defined-risk structure for leveraged exposure.
Institutional-Grade Collateral
The fund’s synthetic exposure is backed by US Treasury Obligations, providing a layer of safety and credit quality regarding the fund's assets, distinct from competitors that may hold lower-grade cash equivalents.
High Liquidity & Access
Traded on Cboe, SSPC offers intraday liquidity with tight , allowing traders to enter and exit positions instantly during market hours without the complexity of or contracts.
Frequently Asked Questions about SSPC
The Leverage Shares 2x Long SPCX Daily ETF (SSPC) features a total expense ratio of 0.75%. This is currently one of the most cost-efficient structures for 2x leveraged exposure in the U.S. market.
SSPC is designed for short-term trading (intraday or daily). While you can hold it longer, the fund rebalances daily to maintain its 2x target. Over time, this daily rebalancing may cause your returns to differ significantly from the underlying stock due to volatility decay.
An investor in SSPC can lose the full value of their investment if the underlying stock drops by more than 50% in a single trading day. However, unlike trading on margin, you cannot lose more than your initial investment (you cannot go into debt).
A leveraged ETF is an exchange-traded fund that uses financial derivatives and debt to amplify the daily returns of an underlying index or benchmark. For example, a 2x leveraged S&P 500 ETF aims to return twice the daily performance of the - if the index rises 1%, the ETF targets a 2% gain; if it falls 1%, the ETF targets a 2% loss.
They typically use derivatives like total return , contracts, and . The fund manager rebalances these positions daily to maintain the target leverage ratio.
The leverage target applies to single-day returns, not longer periods. Each day, the fund rebalances to restore its leverage ratio based on the new net asset value. This daily reset is fundamental to how these products work.
Because of daily rebalancing, leveraged ETFs can lose value over time even if the underlying index ends up flat, particularly in choppy, volatile markets. When an index moves up and down repeatedly, the compounding of daily leveraged returns erodes value. This effect intensifies with higher leverage and greater volatility.
Generally no. They’re designed for short-term tactical trading, often single-day holds. Holding them for weeks or months can produce returns that diverge significantly from what you might expect based on the index’s performance over that period, sometimes dramatically so in volatile markets.
