The SpaceX ETF was halted mere hours after the biggest IPO ever. Defiance quietly amended the prospectus for its fund SPCL just two days before the SpaceX IPO, pivoting the fund's entire investment strategy from a broad space-themed basket to a single-stock focus without any obligation to notify shareholders. The fund traded for roughly two hours before being halted, pulling in strong inflows during that window as retail investors scrambled to find a way to access SpaceX stock on its first day of trading.
Space Exploration Technologies Corp. Class A Common StockThe SpaceX ETF's single-stock focus and strong inflows on IPO day indicate high investor demand for SpaceX shares.