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Bloomberg Analyst: Trading Volume for Several SpaceX ETFs Exceeds $100 Million; It May Take 1–2 Weeks to Get a Clear Picture of the Market Landscape
Svmuu News: Eric Balchunas, a senior ETF analyst at Bloomberg, posted on X that trading in SpaceX leveraged ETFs continues to heat up, with cumulative trading volume exceeding $3 billion—a significant increase from approximately $1 billion the previous day—and the market is showing signs of a “total feeding frenzy.” The current market can almost be described as a “total feeding frenzy,” and he noted that market data has refuted previous doubts about whether there was sufficient trading demand to support multiple leveraged ETFs tracking the same underlying asset. Eric Balchunas added that at this stage, nearly all similar ETF products have reached or exceeded $100 million in assets under management, indicating that market demand far exceeds expectations. Among them, SPCH recorded a single-day trading volume of approximately $1.3 billion, setting a historic record for the second day of an ETF’s listing and even surpassing the previous level of approximately $500 million for IBIT during the same period. Although LeverageShares leads in trading volume, SPCF (ProShares) has performed stronger in terms of net subscriptions, recording approximately $184 million in inflows, while the second-highest product saw only about $45 million. All products recorded positive inflows, with total net inflows amounting to approximately $308 million; however, it will take another one to two weeks to gain a clear picture of the final concentration of capital.
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