Bloomberg Analyst: Multiple SpaceX ETFs Surpass $100 Million in Trading Volume, Market Landscape May Take 1-2 Weeks to Clear

Odaily news, Eric Balchunas, Senior ETF Analyst at Bloomberg, posted on X that the trading frenzy surrounding SpaceX leveraged ETFs continues to heat up. Cumulative trading volume has exceeded $3 billion, a significant increase from approximately $1 billion the previous day, indicating a "full capital influx" situation. The current market can almost be described as a "total feeding frenzy." He noted that previous skepticism about whether the market had enough trading demand to support multiple leveraged ETFs tracking the same underlying asset has been overturned by market data.

Eric Balchunas added that at this stage, almost all similar ETF products have reached or exceeded $100 million in assets under management, showing market demand far exceeds expectations. SPCH saw a single-day trading volume of approximately $1.3 billion, setting a historical record for the second day of an ETF listing, even surpassing the previous record of about $500 million held by IBIT during the same period. Although LeverageShares leads in trading volume, SPCF (ProShares) performs stronger in terms of net subscriptions, recording approximately $184 million in inflows, while the next highest product had only about $45 million. All products recorded positive inflows, with total net inflows of approximately $308 million. However, it will still take 1 to 2 weeks to see the final concentration pattern of capital.