Northwire Canada EditionThursday, October 15, 2026
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GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Financings Routine +

Tradr Brings Double Long and Short Leverage to SpaceX

Expanding leveraged ETF lineup with dual SpaceX products ahead of high-profile IPO

By The Northwire Desk — AI Analysis Jun 15, 2026 · 06:46 SPCG NaN
Executive Summary
  • Tradr ETFs announced the launch of two Cboe-listed leveraged ETFs: SPCM (2x long) and SPCG (2x short), both tracking SpaceX stock (Nasdaq: SPCX).
  • Trading begins June 15, 2026, coinciding with SpaceX's anticipated public market debut.
  • The funds target sophisticated and active traders, utilizing a daily reset structure that magnifies daily performance but introduces compounding risk over longer periods.
  • Tradr will ring the Cboe Opening Bell to mark the launch, highlighting the funds as part of its existing portfolio of 65 leveraged ETFs managing over $7 billion in AUM.
  • Risk disclosures emphasize that adverse daily moves exceeding 50% in the underlying security could result in total loss, and performance may diverge significantly from the benchmark over multi-day periods.
Material Impact
  • The launch is a product expansion rather than a strategic pivot or fundamental business shift.
  • Revenue impact will be incremental, driven by management fees and potential trading volume, but is unlikely to move the needle materially against a $7 billion existing AUM base.
  • The move capitalizes on anticipated retail and professional interest in SpaceX's IPO, aligning with Tradr's established niche of high-volatility, single-stock leveraged products.
  • No change to core operations, capital structure, or long-term growth trajectory is indicated.
SPCG · Price
Company Overview
  • Tradr ETFs is an exchange-traded fund provider specializing in leveraged and inverse daily products.
  • The firm currently manages over $7 billion in AUM across 65 funds, targeting active traders and sophisticated investors.
  • The company has a track record of launching sector-specific and single-stock leveraged products, recently expanding into the space and aerospace theme with SpaceX-linked offerings.
  • Distribution is handled by ALPS Distributors, Inc., and products are listed on Cboe.
Read the original news release →

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