Canadian SpaceX ETF.
Ninepoint Partners Launches New SpaceX ETF for Canadians with Limited-Time 0% Management Fee.
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Ninepoint Partners LP has launched the Ninepoint SpaceX HighShares ETF (SXHI) on the Toronto Stock Exchange, giving Canadian investors a way to bet on SpaceX without buying shares directly. The ETF started trading at $10 per unit on June 16, 2026, with a 0% management fee until September 30, 2026 — dropping to 0.29% after that, Benzinga reported.
The launch comes days after SpaceX completed its historic IPO, raising $75 billion at $135 per share and hitting a valuation of $1.75 trillion. Rival ETFs from Harvest Portfolios and Purpose Investments hit the TSX within the same 48-hour window, kicking off a fierce competition for Canadian investor dollars.
How SXHI Works and What It Costs
SXHI is a single-stock ETF built around SpaceX shares. It adds leverage by borrowing up to 33% of its net asset value in cash. That means a 10% drop in SpaceX stock could translate to roughly a 13.3% loss for ETF holders, according to Sault This Week.
The fund also writes covered call options on up to 50% of its SpaceX holdings. Covered calls cap some upside but generate cash income along the way. Ninepoint pays that income to investors as Canadian eligible dividends or capital gains — both taxed more favourably than regular interest income, The Whig noted.
Ninepoint's Fee Undercuts Every Rival SpaceX Fund
Ninepoint's post-waiver fee of 0.29% is the lowest management fee among the new wave of SpaceX ETFs. Harvest and Purpose both charge 0.40%, according to Fairview Post. That 11-basis-point gap may seem small, but it compounds meaningfully for long-term holders.
Co-CEO John Wilson said Canadians want "a familiar, professionally managed way to participate" in what he called "one of the most anticipated public listings of this generation." Ninepoint manages roughly $7 billion in assets and has built a lineup of similar single-stock ETFs covering companies like Meta and Amazon.
Critics Warn of Leverage Risk for Retail Investors
Not everyone is cheering. Zachary Evens, an analyst at Morningstar, warned that funds like SXHI "amp up the risk of the underlying stock" and are "not suitable for the average investor." The combination of leverage and options adds layers of complexity most retail buyers rarely see coming.
Analysts at Barchart described the sudden surge of 25 SpaceX ETFs from various providers as a "derivative-fueled betting parlor." They argue these products prioritize financial engineering over sound investing. Canada's single-stock ETF market has ballooned from zero to 113 strategies since December 2022, a pace that raises its own red flags.
SpaceX IPO Opens the Door for Passive Buying Surge
SpaceX's June 12 IPO was a record-setter. The company raised $75 billion, with 30% of shares reserved for retail investors — an unusually large retail slice for a deal this size. BNP Paribas estimates that SpaceX's eventual inclusion in major stock indices will trigger roughly $8 billion in automated share purchases.
For Canadian investors, ETFs like SXHI offer one clear advantage over buying SpaceX directly: simplicity. Units trade through any standard brokerage account or financial advisor. No foreign brokerage account, no currency conversion headaches — just a ticker on the TSX, Sault This Week reported.
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