Tidal Trust II - Defiance Daily Target 2X Long SPCX ETF
SPCU
Chicago Board Options Exchange- -
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- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 78 SW 7th St. 5th Floor Miami FL United States of America 33130
- IPO Date
- Jun 15, 2026
- CIK
- 0001924868
- Website
- defianceetfs.com
- Similar Companies
- Business
- Defiance Daily Target 2X Long SPCX ETF is a U.S.-domiciled, exchange-traded fund that seeks daily investment results, before fees and expenses, equal to two times (200%) the daily percentage change in the share price of Space Exploration Technologies Corp. Class A common stock, traded under the reference ticker SPCX. The fund is designed for active, short-term traders seeking magnified long exposure to SpaceX through a single listed security rather than direct share ownership, margin borrowing, or independently managed options positions. It pursues its objective principally through synthetic exposure, including total-return swap agreements and listed options contracts referencing SPCX, and may also hold cash, U.S. Treasury bills, money-market instruments and other collateral or liquidity investments. The fund resets its leveraged exposure daily and does not seek to deliver its stated 2x objective over periods longer than one trading day; compounded returns may differ materially from twice the cumulative performance of the reference security. The fund is sponsored by Defiance ETFs LLC and advised by Tidal Investments LLC, an SEC-registered investment adviser headquartered in Milwaukee, Wisconsin. It is offered through the Tidal Trust II trust structure and operates in the U.S. leveraged single-stock ETF market. Its principal customers are institutional investors, financial advisers, sophisticated retail investors and tactical traders seeking short-term exposure to the market performance of SpaceX. The fund’s portfolio consists primarily of derivative counterparties and collateral holdings rather than direct investments in SpaceX common stock. Defiance Daily Target 2X Long SPCX ETF was formed and commenced operations in June 2026, with inception dated June 12, 2026. Its principal recent strategic development is its launch by Defiance ETFs as a dedicated 2x daily leveraged SpaceX investment vehicle; trading began in mid-June 2026. The launch expanded Defiance ETFs’ lineup of exchange-traded products providing targeted, leveraged exposure to individual companies and enabled investors to obtain daily amplified exposure to SpaceX through swaps and options within an exchange-listed ETF format.