[ProShares to Launch 2x Long ETF on SpaceX IPO Day, Growing Demand for Leveraged Trading in Hot IPOs] BlockBeats News, June 10: ProShares, the world's largest issuer of leveraged and inverse ETFs, announced plans to launch a 2x long ETF for SpaceX, ticker symbol SPCF, on the same day as SpaceX's IPO (June 12). Launching a 2x long ETF on the first day of an IPO is uncommon but has become increasingly popular in recent years for high-profile IPOs, particularly in the tech and growth stock sectors. Hot IPOs are highly volatile, and retail investors and short-term traders are showing a growing demand for leveraged ETFs. [Original Link]