Halt Related to SpaceX IPO Volatility

On June 12, 2026, trading of the Defiance Daily 2X Space ETF (SPCL) was temporarily halted by the Cboe BZX Exchange. This action was due to significant market volatility associated with SpaceX’s initial public offering.

The halt began at 10:45 A.M. EDT and is expected to remain in place until at least June 15, 2026. Cboe BZX exercised its discretionary powers under exchange rules to initiate this temporary halt.

During this period, investors cannot buy or sell SPCL shares on the secondary market. However, the underlying portfolio assets remain secure and unaffected by the trading suspension.

Impact of SpaceX IPO

SpaceX’s IPO resulted in significant market volatility. The debut of its Class A common stock on Nasdaq, trading under the ticker SPCX, contributed to the decision to halt SPCL trading, according to Defiance ETFs.

Defiance ETFs will provide updates on the resumption of trading as soon as the Exchange authorizes it. Investors are advised to monitor the exchange’s Issuer Portal for real-time updates.

The ETF is designed for knowledgeable investors, using a leveraged strategy to achieve daily investment results. It is intended for short-term use and poses high risks, including the potential loss of principal within a single trading day.

Exposure to SpaceX stock subjects the fund to specific risks. These include SpaceX’s concentrated voting power and the volatility typical of newly public companies.

Founded in 2018, Defiance ETFs specialises in thematic and leveraged ETFs. Investors seeking more information on SPCL can visit defianceetfs.com/spcl or call 833.333.9383.

Tidal Investments LLC, the fund’s investment advisor, highlights that this investment is not suitable for all investors. Frequent portfolio monitoring is required due to its leveraged nature.

The temporary halt of trading in SPCL comes at a time when investors are keenly watching the market dynamics post-SpaceX IPO. The resumption of trading is keenly awaited by stakeholders.