<p>作者：Christine Idzelis</p>
<p>个人投资者将很快能够接触到风险较高的 ETF，这些 ETF 允许他们对 SpaceX 的股票进行投资</p>
<p>SpaceX 上市后，其股票表现如何？</p>
<p>围绕 SpaceX 即将上市的兴奋情绪促使交易所交易基金行业计划推出新的 ETF，这些 ETF 将为交易者提供在公司首次公开募股后对其股票进行风险杠杆投资的方式。</p>
<p>在埃隆·马斯克的 SpaceX（SPCX）于周五上市后，ProShares 预计将在周一推出 ProShares Ultra SpaceX ETF，该 ETF 将以&#34;SPCF&#34;为代码交易，目标是实现 SpaceX 普通股每日回报的两倍，ProShares 的全球投资策略师 Simeon Hyman 在周四接受 MarketWatch 电话采访时表示。</p>
<p>本周早些时候，ProShares 在一份新闻稿中表示，该 ETF 将于 6 月 12 日上市，与 SpaceX 上市的日期相同。</p>
<p>与此同时，Themes ETFs 计划推出 Leverage Shares 2X Long SpaceX Daily ETF（代码&#34;SPCH&#34;）和 Leverage Shares 2X Short SpaceX Daily ETF（&#34;SSPC&#34;）。该公司初步计划在周一东部时间上午 4 点在 Cboe 推出新的 SpaceX ETF，Themes ETFs 的首席营收官 Paul Marino 在周四通过电话告诉 MarketWatch。</p>
<p>尽管该公司周三的公告表明这些 ETF 将在纽约证券交易所交易，但 Marino 告诉 MarketWatch，&#34;我们希望尽快让投资者能够接触到该产品，而 Cboe 给了我们这个机会。&#34;</p>
<p>SpaceX 被广泛预期将成为有史以来最大的首次公开募股，预计 IPO 价格为 135 美元，公司的市场价值达到 1.77 万亿美元。</p>
<p>Hyman 表示，像 SpaceX 这样的公司在私有化的时间上变得更长，这可能导致公众市场对它们的&#34;压抑需求&#34;。</p>
<p>虽然个人投资者可能很快会通过跟踪纳斯达克 100 指数（NDX）等基金被动接触到 SpaceX，但杠杆 ETF 风险较高，不适合希望长期持有基础股票的投资者。对于希望对 SpaceX 股票走势进行投机的交易者来说，股票价格的上涨可能通过杠杆 ETF 带来更高的回报。但错误的杠杆投资将放大损失。</p>
<p>为了实现其目标，杠杆 ETF 使用衍生品，而不是直接投资于公司的基础股票。</p>
<p>对于交易 ProShares Ultra SpaceX ETF 的看涨投资者来说，如果公司的股票在某一天上涨，这意味着该 ETF 的涨幅应约为 SpaceX 股票的两倍。</p>
<p>但 ProShares ETF 的招募说明书警告称，&#34;相反，当 SPCX 在某一天下跌时，它应该损失约两倍于 SPCX 的金额。&#34;</p>
<p>作为风险管理的一部分，Hyman 表示，ProShares Ultra SpaceX ETF 的交易者还应考虑其更广泛投资组合的构建。他补充说，单只股票 ETF 已成为杠杆 ETF 市场中增长最快的领域之一。</p>
<p>Themes 计划推出的 Leverage Shares 2X Long SpaceX Daily ETF 同样旨在实现 SpaceX 股票每日表现的 200%。对于看跌交易者，该公司的 Leverage Shares 2X Short SpaceX Daily ETF 将提供一种可能从其对公司股价每日下跌的预期中获利的方式。</p>
<p>Themes 还提醒投资者在使用其杠杆 ETF 进行对 SpaceX 股票涨跌进行高风险投资时需注意风险。</p>
<p>&#34;在超过一天的时间内，如果 SPCX 表现平稳，基金将会亏损，即使 SPCX 的表现在超过一天的时间内上涨或下跌，基金也可能会亏损，&#34;Themes 在周三晚上宣布新 ETF 时表示。该公司还承认，错误地押注于 SpaceX 股票的预期下跌或上涨可能会给交易者带来痛苦。</p>
<p>&#34;如果 SPCX 的价格在一个交易日内上涨或下跌超过 50%，投资者可能会在一天内损失全部本金，&#34;Themes 警告道。</p>
<p>今年早些时候，Themes 推出了一只与 Cerebras Systems（CBRS）股票相关的杠杆 ETF CBRG，紧随该人工智能芯片制造商在 5 月的 IPO 之后。</p>
<p>Cerebras 的 IPO 是 2026 年迄今为止最大的 IPO 之一。</p>
<p>见：随着 SpaceX IPO 预期升温，2026 年最大 IPO 对投资者需求的影响</p>
<p>为了强调杠杆 ETF 的波动性，Leverage Shares 2X Long CBRS Daily ETF 在 6 月 8 日上涨了 36.4%，FactSet 数据显示，Cerebras 股票上涨了 18.3%。而在 6 月 1 日，该 ETF 因股票下跌 10% 而暴跌 20.4%。</p>
<p>根据 FactSet 的数据，周四下午，Leverage Shares 2X Long CBRS Daily ETF 在最近的交易中下跌超过 10%，而 Cerebras 的股票下跌超过 5%。</p>
<p>-Christine Idzelis</p>
<p>本文由 MarketWatch 创作，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻社和《华尔街日报》独立出版。</p>
<p>（完）道琼斯新闻社</p>
<p>06-11-26 1604ET</p>

2倍做多SpaceX ETF-leverage shares

<p>随着 SpaceX 预期中的首次公开募股，ProShares 和 Themes ETF 正在推出杠杆交易所交易基金，以便让交易者对该公司的股票进行看涨或看跌的投资。这些产品，包括 2 倍做多和做空的日常 ETF，旨在放大收益，但也带来了显著的风险，可能在波动市场中放大损失，甚至抹去本金。这一趋势反映了投资者对直接投资于高知名度私营公司上市的需求日益增长</p>

<p>By Christine Idzelis</p>
<div class="lb-trans"><p>作者：Christine Idzelis</p>
</div><p>Individual investors will soon have access to risky ETFs that let them make bets on SpaceX shares</p>
<div class="lb-trans"><p>个人投资者将很快能够接触到风险较高的 ETF，这些 ETF 允许他们对 SpaceX 的股票进行投资</p>
</div><p>How will SpaceX's stock perform after the company goes public?</p>
<div class="lb-trans"><p>SpaceX 上市后，其股票表现如何？</p>
</div><p>Excitement around the upcoming market debut of SpaceX has spurred the exchange-traded-fund industry to plan new ETFs that will that give traders a way to make risky leveraged bets on the company's stock after its initial public offering.</p>
<div class="lb-trans"><p>围绕 SpaceX 即将上市的兴奋情绪促使交易所交易基金行业计划推出新的 ETF，这些 ETF 将为交易者提供在公司首次公开募股后对其股票进行风险杠杆投资的方式。</p>
</div><p>After Elon Musk's SpaceX (SPCX) goes public on Friday, ProShares is expected to launch on Monday the ProShares Ultra SpaceX ETF, which will trade under the ticker &#34;SPCF&#34; and which targets two times the daily return of SpaceX's common stock, Simeon Hyman, global investment strategist at ProShares, told MarketWatch in a phone interview on Thursday.</p>
<div class="lb-trans"><p>在埃隆·马斯克的 SpaceX（SPCX）于周五上市后，ProShares 预计将在周一推出 ProShares Ultra SpaceX ETF，该 ETF 将以&#34;SPCF&#34;为代码交易，目标是实现 SpaceX 普通股每日回报的两倍，ProShares 的全球投资策略师 Simeon Hyman 在周四接受 MarketWatch 电话采访时表示。</p>
</div><p>Earlier this week, ProShares had said in a press release that the ETF would launch on June 12, the same day SpaceX goes public.</p>
<div class="lb-trans"><p>本周早些时候，ProShares 在一份新闻稿中表示，该 ETF 将于 6 月 12 日上市，与 SpaceX 上市的日期相同。</p>
</div><p>Meanwhile, Themes ETFs is planning to launch the Leverage Shares 2X Long SpaceX Daily ETF (ticker &#34;SPCH&#34;) and the Leverage Shares 2X Short SpaceX Daily ETF (&#34;SSPC&#34;). The firm tentatively plans to be ready to launch the new SpaceX ETFs on the Cboe at 4 a.m. Eastern time on Monday, Paul Marino, chief revenue officer at Themes ETFs, told MarketWatch by phone on Thursday.</p>
<div class="lb-trans"><p>与此同时，Themes ETFs 计划推出 Leverage Shares 2X Long SpaceX Daily ETF（代码&#34;SPCH&#34;）和 Leverage Shares 2X Short SpaceX Daily ETF（&#34;SSPC&#34;）。该公司初步计划在周一东部时间上午 4 点在 Cboe 推出新的 SpaceX ETF，Themes ETFs 的首席营收官 Paul Marino 在周四通过电话告诉 MarketWatch。</p>
</div><p>While the firm's announcement Wednesday indicated the ETFs would trade on the New York Stock Exchange, Marino told MarketWatch that &#34;we wanted to make the product accessible to investors as soon as we possibly can, and Cboe gave us that opportunity.&#34;</p>
<div class="lb-trans"><p>尽管该公司周三的公告表明这些 ETF 将在纽约证券交易所交易，但 Marino 告诉 MarketWatch，&#34;我们希望尽快让投资者能够接触到该产品，而 Cboe 给了我们这个机会。&#34;</p>
</div><p>SpaceX is widely anticipated to be the largest initial public offering on record, with an expected IPO price of $135, amounting to a $1.77 trillion market value for the company.</p>
<div class="lb-trans"><p>SpaceX 被广泛预期将成为有史以来最大的首次公开募股，预计 IPO 价格为 135 美元，公司的市场价值达到 1.77 万亿美元。</p>
</div><p>Companies such as SpaceX have been staying private longer, which may have led to &#34;pent-up demand&#34; for them in public markets, Hyman said.</p>
<div class="lb-trans"><p>Hyman 表示，像 SpaceX 这样的公司在私有化的时间上变得更长，这可能导致公众市场对它们的&#34;压抑需求&#34;。</p>
</div><p>While individual investors may soon passively gain exposure to SpaceX via funds tracking indexes such as the Nasdaq-100 NDX, leveraged ETFs are risky and aren't intended for investors who want to hold the underlying stock over the long term. For traders who want to speculate on the direction of travel for SpaceX shares, a move higher in its daily stock price could lead to juiced-up returns via the leveraged ETFs. But a wrong-way leveraged bet would magnify losses.</p>
<div class="lb-trans"><p>虽然个人投资者可能很快会通过跟踪纳斯达克 100 指数（NDX）等基金被动接触到 SpaceX，但杠杆 ETF 风险较高，不适合希望长期持有基础股票的投资者。对于希望对 SpaceX 股票走势进行投机的交易者来说，股票价格的上涨可能通过杠杆 ETF 带来更高的回报。但错误的杠杆投资将放大损失。</p>
</div><p>To achieve their objectives, leveraged ETFs use derivatives as opposed to investing directly in the underlying shares of a company.</p>
<div class="lb-trans"><p>为了实现其目标，杠杆 ETF 使用衍生品，而不是直接投资于公司的基础股票。</p>
</div><p>For bullish investors trading the ProShares Ultra SpaceX ETF, if the company's stock rises on a given day, that means the ETF should gain about two times as much as SpaceX's shares.</p>
<div class="lb-trans"><p>对于交易 ProShares Ultra SpaceX ETF 的看涨投资者来说，如果公司的股票在某一天上涨，这意味着该 ETF 的涨幅应约为 SpaceX 股票的两倍。</p>
</div><p>But the prospectus for the ProShares ETF warns that, &#34;conversely, it should lose approximately two times as much as SPCX when SPCX falls on a given day.&#34;</p>
<div class="lb-trans"><p>但 ProShares ETF 的招募说明书警告称，&#34;相反，当 SPCX 在某一天下跌时，它应该损失约两倍于 SPCX 的金额。&#34;</p>
</div><p>As part of their risk management, traders in the ProShares Ultra SpaceX ETF should also consider the construction of their broader portfolios, Hyman said. Single-stock ETFs have been one of the fastest-growing areas of the market for leveraged ETFs, he added.</p>
<div class="lb-trans"><p>作为风险管理的一部分，Hyman 表示，ProShares Ultra SpaceX ETF 的交易者还应考虑其更广泛投资组合的构建。他补充说，单只股票 ETF 已成为杠杆 ETF 市场中增长最快的领域之一。</p>
</div><p>Themes's planned Leverage Shares 2X Long SpaceX Daily ETF similarly aims for 200% of the daily performance of SpaceX shares. For bearish traders, the firm's Leverage Shares 2X Short SpaceX Daily ETF will provide a way to potentially profit from their expectations for a daily decline in the company's share price.</p>
<div class="lb-trans"><p>Themes 计划推出的 Leverage Shares 2X Long SpaceX Daily ETF 同样旨在实现 SpaceX 股票每日表现的 200%。对于看跌交易者，该公司的 Leverage Shares 2X Short SpaceX Daily ETF 将提供一种可能从其对公司股价每日下跌的预期中获利的方式。</p>
</div><p>Themes also flagged risks for investors considering making juiced-up bets on the rise or fall of SpaceX's stock using its leveraged ETFs.</p>
<div class="lb-trans"><p>Themes 还提醒投资者在使用其杠杆 ETF 进行对 SpaceX 股票涨跌进行高风险投资时需注意风险。</p>
</div><p>&#34;For periods longer than a single day, the Funds will lose money if SPCX has flat performance, and it is possible that the Funds will lose money even if SPCX performance rises or falls over a period longer than a single day,&#34; Themes said in its announcement Wednesday evening of the new ETFs. The firm also acknowledged how a wrong-way bet on an expected decline or climb in SpaceX shares risks being painful for traders.</p>
<div class="lb-trans"><p>&#34;在超过一天的时间内，如果 SPCX 表现平稳，基金将会亏损，即使 SPCX 的表现在超过一天的时间内上涨或下跌，基金也可能会亏损，&#34;Themes 在周三晚上宣布新 ETF 时表示。该公司还承认，错误地押注于 SpaceX 股票的预期下跌或上涨可能会给交易者带来痛苦。</p>
</div><p>&#34;An investor could lose the full principal value of his/her investment within a single day if the price of SPCX increases or decreases by more than 50% in one trading day,&#34; Themes warned.</p>
<div class="lb-trans"><p>&#34;如果 SPCX 的价格在一个交易日内上涨或下跌超过 50%，投资者可能会在一天内损失全部本金，&#34;Themes 警告道。</p>
</div><p>Earlier this year, Themes launched a leveraged ETF CBRG linked to shares of Cerebras Systems (CBRS) following the artificial-intelligence-chip maker's IPO in May.</p>
<div class="lb-trans"><p>今年早些时候，Themes 推出了一只与 Cerebras Systems（CBRS）股票相关的杠杆 ETF CBRG，紧随该人工智能芯片制造商在 5 月的 IPO 之后。</p>
</div><p>Cerebras's IPO is among the largest so far in 2026.</p>
<div class="lb-trans"><p>Cerebras 的 IPO 是 2026 年迄今为止最大的 IPO 之一。</p>
</div><p>See: As SpaceX IPO anticipation heats up, what 2026's biggest IPOs say about investor demand</p>
<div class="lb-trans"><p>见：随着 SpaceX IPO 预期升温，2026 年最大 IPO 对投资者需求的影响</p>
</div><p>To underscore the volatility of leveraged ETFs, the Leverage Shares 2X Long CBRS Daily ETF saw a gain of 36.4% on June 8, FactSet data show, as Cerebras shares rose 18.3%. And on June 1, the ETF plunged 20.4% as the stock fell 10%.</p>
<div class="lb-trans"><p>为了强调杠杆 ETF 的波动性，Leverage Shares 2X Long CBRS Daily ETF 在 6 月 8 日上涨了 36.4%，FactSet 数据显示，Cerebras 股票上涨了 18.3%。而在 6 月 1 日，该 ETF 因股票下跌 10% 而暴跌 20.4%。</p>
</div><p>On Thursday afternoon, the Leverage Shares 2X Long CBRS Daily ETF was down more than 10% in recent trading as shares of Cerebras's stock dropped more than 5%, according to FactSet data.</p>
<div class="lb-trans"><p>根据 FactSet 的数据，周四下午，Leverage Shares 2X Long CBRS Daily ETF 在最近的交易中下跌超过 10%，而 Cerebras 的股票下跌超过 5%。</p>
</div><p>-Christine Idzelis</p>
<div class="lb-trans"><p>-Christine Idzelis</p>
</div><p>This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.</p>
<div class="lb-trans"><p>本文由 MarketWatch 创作，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻社和《华尔街日报》独立出版。</p>
</div><p>(END) Dow Jones Newswires</p>
<div class="lb-trans"><p>（完）道琼斯新闻社</p>
</div><p>06-11-26 1604ET</p>
<div class="lb-trans"><p>06-11-26 1604ET</p>
</div>

Upcoming SpaceX IPO spawns leveraged ETFs for bullish and bearish bets on its stock

即将到来的 SpaceX 首次公开募股（IPO）催生了针对其股票的看涨和看跌杠杆型 ETF