ProShares SpaceX ETF Draws $194M Inflows Despite 0.95% Fee Premium
SPCF•ProShares Ultra SpaceX ETF (SPCF) has attracted $194 million in inflows since its June 15 launch, holding $107 million in assets following SpaceX's share decline. Its 0.95% expense ratio is 20 basis points higher than the cheapest competitor, underlining fee-driven investor decisions in the crowded leveraged SpaceX ETF market.
1. SPCF Launch and Inflows
ProShares Ultra SpaceX ETF began trading on June 15 alongside six peer leveraged ETFs and quickly drew $194 million in investor inflows over its first 11 trading days.
2. Asset Levels Post-Decline
Following a decline in SpaceX shares, SPCF’s assets under management have contracted to $107 million, compared with $409 million held by the lowest-cost leveraged SpaceX ETF.
3. Expense Ratio Comparison
With a 0.95% expense ratio, SPCF charges 20 basis points more than the cheapest leveraged SpaceX ETF, intensifying fee-driven competition among investors choosing between similar funds.
4. Competitive Dynamics in SpaceX ETF Market
A field of more than a dozen leveraged and inverse SpaceX ETFs has consolidated around products from ProShares and Leverage Shares, as investors favor funds with clearer all-in cost advantages.
