Cboe BZX Lifts Trading Halt on SPCL
Defiance ETFs has resumed trading for its Defiance Daily 2X Space ETF (SPCL) on the Cboe BZX Exchange as of June 15, 2026. The resumption follows a trading halt initiated on June 12 due to the Exchange exercising its broad discretionary authority.
The halt was a precautionary measure, and the Exchange followed its protocol for managing listed ETFs. Meanwhile, SPCL’s underlying assets remained secure and unaffected. Now, investors can actively trade shares during regular market hours.
Tidal Investments LLC manages the fund, which focuses on leveraged exposure to space company securities. The strategy is dynamic and may undergo reconstitution in response to significant market events, such as potential IPOs from companies like SpaceX.
Investment Risks and Considerations
Knowledgeable investors should understand the risks associated with leveraged investments. The SPCL fund aims for daily leveraged returns, which can lead to higher volatility compared to non-leveraged funds.
Focusing on a few securities, such as SpaceX, may concentrate the fund’s risk profile. Detailed information about the fund’s prospectus and holdings is available at defianceetfs.com/spcl.
Real-time updates on SPCL’s trading status can be accessed through the Exchange’s Issuer Portal. Investors are encouraged to consult their financial advisors. According to Defiance ETFs, careful consideration of the fund’s objectives and risks is advised before investing.
An investment in SPCL is not a direct investment in the underlying securities, and the fund is not suitable for all investors. Designed for short-term use, the fund magnifies the performance of the Target Portfolio with potential compounded daily returns.
Defiance ETFs LLC sponsors the ETF, while Tidal Investments LLC acts as the investment adviser. Interested investors can obtain the prospectus and summary prospectus by calling 833.333.9383 or visiting defianceetfs.com/spcl.
Important to note, the fund’s performance is likely to differ from 200% of the return of the Target Portfolio over longer periods. Investors risk losing their entire principal within a single trading day.
Last updated: 29 June 2026, 11:50 am
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