Leverage Shares will launch the world's first 3x leveraged SpaceX ETP, ticker symbol ELON/MUSK

CoinFeed reported on June 10th that, according to Bloomberg ETF analyst Eric Balchunas, Leverage Shares will launch a 3x leveraged SpaceX ETP product in Europe this Friday. Its USD trading code is ELON, and its GBP trading code is MUSK. In addition to the SpaceX product, Leverage Shares will also launch a 3x leveraged SK Hynix ETP, as well as 3x leveraged long and 3x leveraged short products related to the DRAM memory industry. Balchunas noted that due to time zone factors, the product will primarily hold cash on its first trading day, with the true 3x leveraged exposure expected to take effect from next week.