GraniteShares ETF Trust - GraniteShares 2x Long SpaceX Daily ETF
SPAL
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- GraniteShares ETF Trust – GraniteShares 2x Long SpaceX Daily ETF is a U.S.-domiciled, exchange-traded fund managed by GraniteShares Advisors LLC that provides leveraged, single-stock exposure to Space Exploration Technologies Corp. common stock. The Fund seeks daily investment results, before fees and expenses, equal to 200% of the daily percentage change in the price of SpaceX common stock. Its investment program employs direct and derivative-based exposure, including swap agreements and options where applicable, and resets its leverage daily; consequently, returns over periods longer than one trading day may differ materially from twice the cumulative performance of the underlying security. The Fund targets investors seeking short-term, amplified long exposure to SpaceX shares rather than long-term buy-and-hold exposure. SPAL is listed on Cboe BZX Exchange, trades in U.S. dollars, carries a 1.50% annual expense ratio, and is part of GraniteShares’ leveraged single-stock ETF product range. GraniteShares, an independent ETF issuer headquartered in New York, New York, offers exchange-traded investment products including leveraged and inverse single-stock ETFs, commodity-focused ETFs and other thematic investment vehicles. GraniteShares launched SPAL on June 15, 2026, alongside the GraniteShares 2x Short SpaceX Daily ETF, ticker SNK, expanding its leveraged ETF range to provide both 2x long and -2x short daily exposure to SpaceX following the commencement of public trading in SpaceX common stock.