🔴 Betashares Space Industry ETF is trading 6.9% down today on hawkish Fed sentiment and space sector profit-taking

Betashares Space Industry ETF is trading at $12.01, down 6.9% today, extending a multi-day slide as hawkish Fed sentiment and profit-taking in the space sector weigh on growth assets.

• The move follows a period of post-launch strength, with the fund now tracking a broader de-risking trend in growth and space-related names after the Fed’s hawkish June 17 decision.
• Profit-taking has intensified as the initial market enthusiasm surrounding the SpaceX IPO, which initially boosted the global space-economy complex, begins to cool.