There’s now an ETF that lets you bet on Elon Musk’s two most ambitious companies at the same time. Leverage Shares, operating under the Themes brand, has listed the Leverage Shares 100% TSLA and 100% SpaceX Daily ETF on NASDAQ under the ticker ELOL.
The fund provides 100% daily exposure to both Tesla and SpaceX, giving investors a single-ticket ride on the electric vehicle giant and the private aerospace behemoth. The management fee comes in at 0.99%.
What ELOL actually does
Despite the issuer’s name being “Leverage Shares” and early descriptions floating the term “2x,” the ELOL ETF does not actually apply leverage in the traditional sense. It provides 100% exposure to Tesla (TSLA) and 100% exposure to Space Exploration Technologies Corp. (SPCX), which means investors get full, unlevered allocation to both companies simultaneously.
The fund is designed for active traders looking to capitalize on event-driven market movements tied to either company.
