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Trade Your Tesla and SpaceX Conviction.

LOFD SpaceX Bear 2X ETF launching 8/6.

Anticipated launch date. Launch dates are estimates and subject to change without notice.

You're signed up for Musk Trade updates.

The Musk Trade

Pioneering Leveraged Tesla Trades Since 2022.

Direxion launched the first Tesla bull and bear leveraged ETFs for traders seeking short-term, amplified exposure to TSLA volatility. Starting 8/6/2026, Direxion Daily SpaceX Bear 2X ETF, ticker LOFD, expands the SpaceX line up giving traders a tool to express their convictions for Musk-led companies.

First to the Tesla Trade

TSLL and TSLS were the first Tesla single-stock leveraged ETF pair launched in the U.S.*

The Largest 2X Tesla ETF

TSLL is the largest U.S.-listed 2X Tesla ETF by AUM.*

Bull and Bear, Both Names

Daily leverage and inverse exposure to Tesla and SpaceX so traders can express their convictions in either direction.

Source: ETF.com. TSLL and TSLS launched on 08/09/2022 as the first U.S.-listed Tesla single-stock leveraged/inverse ETF pair. Source: ETFdb. As of 06/30/2026, TSLL was the largest U.S.-listed 2X Tesla ETF by AUM

Showing all 4 funds

TSLL · TSLA Bull 2X Seeks 200% of the daily performance of TSLA.

TSLS · TSLA Bear 1X Seeks 100% of the inverse of the daily performance of TSLA.

LOFF · SpaceX Bull 2X Seeks 200% of the daily performance of SPCX.

LOFD · SpaceX Bear 2X Coming Soon Trading 8/6. Seeks 200% of the inverse of the daily performance of SPCX.

SpaceX Unlock Shares Schedule

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Top 10 ETF Movers & Shakers

Highlights the top 10 Direxion Leverage & Inverse ETFs in a video that is updated every 10 trading days.

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Provides updates on all Direxion ETF events, including product launches, corporate actions, and distributions.

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An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. Click here to obtain a Fund’s prospectus and summary prospectus or call 866-476-7523. A Fund’s prospectus and summary prospectus should be read carefully before investing.

Leveraged and Inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and who actively manage their investments.

Direxion Funds Risks — An investment in the Funds involves risk, including the possible loss of principal. The Funds are non-diversified and include risks associated with concentration risk which results from the Funds’ investments in a particular industry or sector and can increase volatility over time. Active and frequent trading associated with a regular rebalance of a fund can cause the price to fluctuate, therefore impacting its performance compared to other investment vehicles. For other risks including correlation, compounding, market volatility and risks specific to an industry or sector, please read the prospectus.

Direxion Shares ETF Risks — An investment in the ETFs involves risk, including the possible loss of principal. The ETFs are non-diversified and include risks associated with concentration that results from an ETF’s investments in a particular industry, sector or company, which can increase volatility. The leveraged and inverse ETFs utilize derivatives, such as futures contracts and swaps which are subject to market risks that may cause their price to fluctuate both intra-day and over time. The leveraged and inverse ETFs do not attempt to, and should not be expected to, provide returns which are a multiple of (or inverse of) the return of their respective index or underlying security for periods other than a single day. The leveraged and leveraged inverse ETFs may also be subject to leverage, correlation, daily compounding, market volatility and risks specific to an industry, sector or company. The ETFs are subject to certain risks, including imperfect index correlation and secondary market price variance, which may decrease performance. The ETFs may invest in a relatively small number of issuers and, as a result, be subject to greater risk of loss with respect to their portfolio securities than that of a fully diversified portfolio of securities. Due to the non-diversified nature of the ETFs, they may experience greater fluctuation in their net asset value as compared to other, more diversified investments. The non-leveraged ETFs may be appropriate for investors with a long-term investment time horizon, who primarily seek capital growth, and who are able to tolerate periods of prolonged price declines. Please read each ETF’s prospectus for a more complete description of the investment risks. There is no guarantee that an ETF will achieve its investment objective.

Hong Kong Investors — This website and the investment products referenced herein (“Website”) are directed to persons who are “Professional Investors” within the meaning of the Hong Kong Securities and Futures Ordinance (Cap. 571) (“Ordinance”). This Website is not directed to the general public in Hong Kong. You agree that your use of this Website is subject to you reviewing and acknowledging the terms of this disclaimer and the website’s terms of use. Information herein is not intended for Professional Investors in any jurisdiction in which distribution or purchase is not authorized. This Website does not provide investment advice or recommendations, nor is it an offer or solicitation of any kind to buy or sell any investment products. Direxion Asia Limited (“DAL”) is licensed with and regulated by the Securities Futures Commission of Hong Kong (“SFC”) (CE Number: BAZ386) to provide services to Professional Investors. DAL does not maintain nor is it responsible for the contents of this Website, which has not been approved by the SFC. DAL is an affiliate of other companies within the Direxion Group companies which may manage the products and provide the services described herein, which are not directed to the general public in Hong Kong. Companies within the Direxion Group which do not carry out regulated activities in Hong Kong are not subject to the provisions of the Ordinance. ALPS Distributors, Inc. is the distributor for the Direxion Shares in the United States only.

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