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Launches

Purpose Launches SpaceX Yield ETF with Income-Focused Strategy

Purpose Investments has launched the Purpose SpaceX Yield Shares ETF (SPXY), which began trading on Cboe Canada on June 15. The ETF provides exposure to SpaceX while seeking enhanced monthly income through a covered call strategy on roughly 50% of the portfolio and approximately 25% leverage. The fund is fully hedged to the Canadian dollar and aims to combine SpaceX’s long-term growth potential with income generation, expanding Purpose’s Yield Shares lineup to 30 ETFs.

At a glance
Beat
Launches
Issuer
Purpose Investments
Region
Canada
Filed
15 June 2026

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