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Bloomberg ETF analyst Eric Balchunas stated that the first-day trading volume of the 2x SpaceX-related ETF exceeded $1 billion, with demand significantly surpassing expectations. Among them, the LeverageShares product reached a trading volume of $281 million, becoming the new ETF with the highest first-day trading volume since IBIT. Balchunas said that this product still needs to share demand with 11 other similar ETFs, but even the ETF with the lowest first-day volume reached $26 million; typically, a new ETF's first-day trading of $1 million is considered a strong performance.