[ProShares to Launch 2x Long SpaceX ETF, IPO Debuts on the Same Day] Odaily Planet Daily News: ProShares, the world's largest issuer of leveraged and inverse ETFs, announced that it will launch a 2x long ETF for SpaceX (SPCX) on June 12, coinciding with the company's IPO debut. The ETF will track twice the daily returns (before fees) of SpaceX. While it is uncommon to directly launch a single-stock leveraged ETF on the day of an IPO, this trend has become increasingly popular in recent years for high-profile tech and growth stock IPOs, reflecting a significant rise in demand from retail investors and short-term traders for leveraged exposure to highly volatile new stocks.