Ninepoint Launches SpaceX ETF with Zero-Fee Window for Canadian Investors
Event summary
- Ninepoint Partners launched the Ninepoint SpaceX HighShares ETF (SXHI) on the TSX on June 16, 2026.
- The ETF offers levered exposure to SpaceX with a 0% management fee until September 30, 2026 (0.29% thereafter).
- SXHI employs a covered call strategy, allowing up to 33% cash borrowing and writing covered calls on 50% of SpaceX holdings.
- The fund aims to provide monthly distributions and long-term capital appreciation.
The big picture
Ninepoint's launch of the SpaceX ETF extends its HighShares platform, which has expanded from Canadian to U.S. single-stock ETFs. The move reflects growing investor interest in the space economy and the demand for innovative investment vehicles targeting high-growth, private companies. With $8.2 billion in AUM, Ninepoint is positioning itself as a leader in alternative investment strategies for Canadian investors.
What we're watching
- Market Demand
- Whether Canadian investors will embrace the ETF given SpaceX's private status and high-risk profile.
- Fee Structure
- How the 0% fee promotion impacts investor adoption and long-term sustainability of the ETF.
- Regulatory Scrutiny
- The pace at which regulators review leveraged ETFs targeting private companies.
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