Bloomberg analyst: Several SpaceX ETFs have surpassed $100 million in trading volume, it may take 1-2 weeks to see the market landscape clearly
Odaily reported that Bloomberg senior ETF analyst Eric Balchunas posted on X, stating that trading around SpaceX leveraged ETFs continues to heat up, with cumulative trading volume exceeding 3 billion dollars—a significant increase from around 1 billion dollars the previous day. The market is showing a “complete influx of funds.” The current market can almost be described as a “total feeding frenzy,” and he also said that previous doubts about whether there was enough trading demand to support multiple leveraged ETFs with the same underlying asset have been disproven by market data.
Eric Balchunas added that at this stage, almost all similar ETF products have reached or exceeded 100 million dollars in size, showing that market demand far exceeds expectations. Among them, SPCH had a single-day trading volume of about 1.3 billion dollars, setting a historical record for the second day after ETF listing, even surpassing IBIT’s approximately 500 million dollars over the same period. Although LeverageShares leads in trading volume, SPCF (ProShares) has been stronger in net inflows, recording about 184 million dollars of fund inflow, while the second-highest product only saw about 45 million dollars. All products recorded positive inflows, with overall net inflows of about 308 million dollars, although it still needs 1 to 2 weeks to see the final pattern of fund concentration.
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