The Roundhill S&P 500 Target 10,000 2030 ETF (ticker: XX) launches today, offering investors long-term leveraged exposure to the S&P 500 through long-dated call options. The fund targets a strike price of 10,000 for the SPX index with a January 2030 expiration date. The ETF is designed to provide sustained leverage to the S&P 500 without the volatility drag typically associated with daily resetting leveraged products. By utilizing long-dated options rather than daily rebalancing mechanisms, the fund aims to deliver more efficient long-term exposure to potential upside in the broad market index.