Bloomberg Analyst: Multiple SpaceX ETFs Surpass $100M in Trading Volume; May Take 1-2 Weeks for Market Landscape to Become Clear

Odaily News, Eric Balchunas, Senior Bloomberg ETF Analyst, posted on X that the trading frenzy surrounding SpaceX leveraged ETFs continues to heat up, with cumulative trading volume exceeding $30 billion, a significant increase from about $10 billion the previous day, showing a “total capital influx” trend. The current market can almost be described as a “total feeding frenzy.” He noted that previous doubts about whether the market had sufficient trading demand to support multiple leveraged ETFs tracking the same underlying asset have been overturned by market data.

Eric Balchunas added that at this stage, almost all similar ETF products have reached or surpassed $100 million in assets under management, indicating market demand far exceeds expectations. Among them, SPCH saw a single-day trading volume of approximately $1.3 billion, setting a record for the highest second-day volume for an ETF listing, even surpassing the IBIT’s comparable level of about $500 million. Although LeverageShares leads in trading volume, SPCF (ProShares) shows stronger net inflow, recording approximately $184 million in capital inflows, while the next best product only achieved about $45 million. All products recorded positive inflows, with overall net inflows totaling roughly $308 million. However, it may still take one to two weeks to determine the final concentration pattern of capital.