Leverage Shares Launches Inverse SpaceX ETF on Cboe

The launch of DSPC on the Cboe exchange marks an expansion of the firm’s existing tactical product lineup. With an expense ratio of 0.99%, the fund is designed specifically for investors seeking to express short-term market views through an ETF structure. Paul Marino, Chief Revenue Officer at Themes ETFs, noted that the product serves as a complement to current leveraged offerings, providing a -1X daily option for those with varying risk appetites.

This new vehicle is intended strictly for active traders who monitor their portfolios closely. Because the fund relies on daily rebalancing and compounding, its performance over periods longer than a single day is likely to diverge significantly from the inverse of the underlying asset's cumulative return. The firm emphasizes that the fund does not invest directly in SpaceX and carries the inherent risks associated with inverse and leveraged products, including the potential loss of principal.