Tradr’s 1.49% SpaceX ETF holds under $59m, down 40% since launch
SPCM•Tradr’s 2x Long SpaceX Daily ETF carries the highest expense ratio of 1.49%, attracting under $59 million since its June 15 launch. It has fallen about 40% through June 26, roughly 1% better than the cheapest leveraged counterpart despite its steep fee.
1. ETF Launch Wave
On June 15, seven double-leveraged SpaceX funds—including Tradr’s SPCM with a 1.49% expense ratio—began trading following SpaceX’s public debut.
2. Fund Flows and Assets
SPCM has drawn less than $59 million in inflows since launch, trailing Leverage Shares’ SPCH at $514 million and ProShares’ SPCF at $194 million.
3. Performance Gap
SPCM has declined roughly 40% between June 15 and June 26, about 1% better than SPCH’s 41% drop despite SPCM’s higher headline fee.
4. Fee vs. Financing Costs
The 1.49% expense ratio understates true holding costs, as undisclosed swap financing fees vary across providers and impact net returns.
