PANews reported on June 10 that, according to Bloomberg ETF analyst Eric Balchunas, Leverage Shares will launch a 3x leveraged SpaceX ETP product in Europe this Friday. Its USD trading code is ELON, and its GBP trading code is MUSK. In addition to the SpaceX product, Leverage Shares will also launch a 3x leveraged SK Hynix ETP, as well as 3x leveraged long and 3x leveraged short products related to the DRAM memory industry.

Balchunas pointed out that due to time zone factors, the product will primarily hold cash on its first trading day, with the true 3x leverage exposure expected to take effect from next week. He also stated that while such high-leverage products may only attract limited funds in the European market, if launched in the US or South Korea, given the active retail trading culture there, such products are expected to quickly attract billions of dollars in inflows.