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%
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LongPoint ETFs Opens the Market

Expanding Canada's leveraged ETF suite with AI and space sector exposure amid rapid product rollout.

By The Northwire Desk — AI Analysis Jun 19, 2026 · 10:39 ORBU · 17.74 SAVVYLONG 2X SPACEX ETF
Executive Summary
  • On June 19, 2026, LongPoint Asset Management Inc. held an official market opening ceremony on the Toronto Stock Exchange (TSX) to launch three new SavvyLong 2X leveraged single-stock ETFs: ORBU (SpaceX), AMDU (AMD), and MUU (Micron Technology).
  • Trading for these funds commenced on June 17, 2026, following the initial announcement on June 15.
  • The ETFs provide 2x daily leveraged long exposure to their respective underlying assets, trade in Canadian dollars, and do not hedge USD exposure.
  • LongPoint highlighted its position as the fastest-growing ETF provider in Canada by percentage in 2025 and emphasized targeting active, sophisticated investors seeking tactical exposure to the AI semiconductor sector and the newly public SpaceX.
  • The launch follows a clear product expansion trajectory, building on December 2024 leveraged energy ETFs and May 2025 triple-levered index ETFs.
Material Impact
  • The news represents a standard product expansion and commercial execution step rather than a fundamental shift in the business model.
  • Leveraged single-stock ETFs are highly specialized, intended for daily/short-term trading, and subject to volatility decay and compounding effects that limit long-term institutional adoption.
  • Revenue impact will be incremental and lagging; tracking fees and marketing costs typically offset early AUM growth. Material fee revenue will only materialize if sustained trading volume and AUM accumulation occur over multiple quarters.
  • The underlying assets (SpaceX, AMD, Micron) are high-conviction, high-volatility names. While retail and sophisticated trading interest may be strong initially, sustained flows depend on broader market sentiment and sector performance.
  • The announcement is fully consistent with prior product launches and does not introduce unexpected catalysts or structural changes to the company's financial profile.
ORBU · Price
Company Overview
  • LongPoint Asset Management Inc. is a Canadian exchange-traded fund provider focused on leveraged and specialized investment products.
  • The company targets active and sophisticated investors, offering daily leveraged long/short exposure to single stocks, indices, and commodities.
  • Management claims to be the fastest-growing ETF provider in Canada by percentage in 2025, driven by a strategy of launching niche, high-demand leveraged products on the TSX.
  • The business model relies on asset-based fees, product distribution, and continuous innovation in leveraged and alternative ETF structures.
Read the original news release →

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