SPCH and SSPC are now live on Pyth Pro.
The two leveraged ETFs from Leverage Shares are available alongside the existing 24/7 SpaceX stock feed, SPCX.
SPCH is the 2x Long SPCX Daily ETF, targeting twice SPCX’s daily move. SSPC is the 2x Short SPCX Daily ETF, targeting the inverse at -2x.
One long. One short. The same underlying.
The important word is daily.
Both products reset every day to maintain their target exposure. Over longer holding periods, daily compounding and volatility can cause performance to drift from a simple 2x or -2x move in SPCX.
That design puts the underlying price in focus because the products rebalance against SPCX each day.
Leverage magnifies everything, including data errors. A delayed or off-market underlying price can be multiplied through the daily reset.
Pyth sources SPCX directly from the institutions trading it, allowing the price to reflect the market as it forms.
For perpetual venues, the same Pyth feed can support fair mark prices and liquidations, funding-rate stability, collateral and margin valuation, and market displays.
One integration across SPCX and its leveraged products.
SPCH, SSPC, and SPCX are all live on Pyth Pro now.
Get access to these feeds and 3,000+ others through Pyth Terminal.
#PYTH #RWA!
The two leveraged ETFs from Leverage Shares are available alongside the existing 24/7 SpaceX stock feed, SPCX.
SPCH is the 2x Long SPCX Daily ETF, targeting twice SPCX’s daily move. SSPC is the 2x Short SPCX Daily ETF, targeting the inverse at -2x.
One long. One short. The same underlying.
The important word is daily.
Both products reset every day to maintain their target exposure. Over longer holding periods, daily compounding and volatility can cause performance to drift from a simple 2x or -2x move in SPCX.
That design puts the underlying price in focus because the products rebalance against SPCX each day.
Leverage magnifies everything, including data errors. A delayed or off-market underlying price can be multiplied through the daily reset.
Pyth sources SPCX directly from the institutions trading it, allowing the price to reflect the market as it forms.
For perpetual venues, the same Pyth feed can support fair mark prices and liquidations, funding-rate stability, collateral and margin valuation, and market displays.
One integration across SPCX and its leveraged products.
SPCH, SSPC, and SPCX are all live on Pyth Pro now.
Get access to these feeds and 3,000+ others through Pyth Terminal.
#PYTH #RWA!