New ETF Catches a Ride with Archer Aviation
From Yahoo Finance: 2025-06-10 19:00:00
Shares of Archer Aviation (ACHR) are popular among retail traders interested in air taxis. The Tradr 2X Long ACHR Daily ETF (ARCX) offers leveraged exposure to Archer’s stock. Archer is developing eVTOL aircraft for short city commutes. They plan to deliver their first aircraft to the UAE this year and collaborate with Anduril for military applications.
Archer’s biggest rival is Joby Aviation (JOBY), with a market cap of $8 billion compared to Archer’s $6 billion. Analysts project revenue of $130 million by 2026 and over $1 billion by 2028 for Archer. Despite expected losses, Archer’s stock is up 16% year to date.
The ARCX leveraged ETF is seen as appealing to short-term traders due to its volatility, futuristic focus, and retail interest in Archer. The launch reflects a growing demand for leveraged products tied to high-conviction retail names. The success of ARCX remains uncertain, but it taps into the current trend of chasing big moves in the market.
Read more at Yahoo Finance: New ETF Catches a Ride with Archer Aviation