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Direxion Debuts Daily SpaceX Bull 2X ETF

Product LaunchesDerivatives & VolatilityMarket Technicals & FlowsCompany Fundamentals

Direxion launched the Direxion Daily SpaceX Bull 2X ETF (LOFF), expanding its leveraged single-stock ETF lineup. The fund carries a 97 bps expense ratio. The announcement is a product expansion and is likely to be more relevant for ETF traders and speculative flows than for broad market pricing.

Analysis

Direxion launched the Direxion Daily SpaceX Bull 2X ETF (LOFF), expanding its leveraged single-stock ETF lineup. The fund carries a 97 bps expense ratio. The announcement is a product expansion and is likely to be more relevant for ETF traders and speculative flows than for broad market pricing.

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