SPAL & SNK
2x Long and -2x Short
SpaceX Daily ETFs
Anticipated Listing:
09 days | 02 hours | 30 min | 05 sec
An Investment in these ETFs involves significant risk. Does not Invest in the underlying stock. Income not guaranteed. Funds are distributed by ALPS Distributors, Inc.
SPAL
NYSE · USD
▲ 2x Long

GraniteShares 2x Long SpaceX Daily ETF

Seeks 2x the daily performance of SpaceX
TickerSPAL
UnderlyingSpaceX
Leverage Factor2x
NAV-
Closing Price-
Expense Ratio- p.a.
SNK
NYSE · USD
▼ 2x Short

GraniteShares 2x Short SpaceX Daily ETF

Seeks -2x the inverse daily performance of SpaceX
TickerSNK
UnderlyingSpaceX
Leverage Factor-2x
NAV-
Closing Price-
Expense Ratio- p.a.

Important risk information: These Funds seek daily leveraged and inverse investment results and are intended to be used as short-term trading vehicles. They are not suitable for all investors, are designed to be held for a single day, and should be actively monitored. Due to daily rebalancing and compounding, results over periods longer than one day will likely differ, potentially significantly, from the stated daily objective. An investor could lose the full value of their investment. There is no guarantee a Fund will meet its objective. Please read the prospectus before investing.

Fund Objective

Two funds, opposite sides of the same trade.

Each fund seeks daily investment results, before fees and expenses, equal to a multiple of the daily percentage change of SpaceX. There is no guarantee that either fund will meet its stated objective.

SPAL 2x Long Daily

The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of SpaceX. The Fund should not be expected to provide 2x the cumulative return of SpaceX for periods greater than a single day.

⚠ Designed as a short-term trading vehicle. Returns compound daily.

SNK 2x Short Daily

The Fund seeks daily investment results, before fees and expenses, of -2 times (-200%) the daily percentage change of SpaceX. The Fund should not be expected to provide -2x the cumulative return of SpaceX for periods greater than a single day.

⚠ Designed as a short-term trading vehicle. Returns compound daily.
Underlying Stock

SpaceX

SpaceX is an aerospace company founded in 2002 by Elon Musk with a mission to reduce the cost of space travel and expand access to space. The company develops reusable rockets, spacecraft, and satellite technologies, including Falcon, Dragon, Starship, and Starlink, while pursuing the long-term goal of enabling human life beyond Earth.

Why a Single-Stock ETF

Conviction, packaged into a brokerage trade.

Simple

Take a leveraged or inverse position on SpaceX through a traditional brokerage account. No borrowing the underlying, no maintaining collateral.

High Conviction

Magnify your view on SpaceX, long with SPAL or short with SNK, in a single trade, sized to the conviction behind it.

Control

No margin calls. Your maximum loss is capped at the value of your initial investment. You cannot lose more than you put in.

Side by Side

SPAL vs. SNK at a glance.

SPALSNK
Fund Name2x Long SpaceX Daily ETF2x Short SpaceX Daily ETF
DirectionLong (+)Short (−)
Daily Objective+200%−200%
Leverage Factor2x-2x
UnderlyingSpaceXSpaceX
Reset FrequencyDailyDaily
ListingNYSENYSE
Best Used ForBullish, short-term viewBearish / hedging view
Investor Documents

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