Bloomberg Analyst: SpaceX's leveraged products enter the funding race stage, and it may take 1-2 weeks to see the market landscape clearly

Deep Tide TechFlow News: On June 17, Bloomberg senior ETF analyst Eric Balchunas posted on X that trading in SpaceX leveraged ETFs has continued to heat up. Cumulative trading value has already exceeded $3 billion, up sharply from about $1 billion on the previous day, showing a “full-scale influx of funds” into the market. At this stage, nearly all similar ETF products have reached or exceeded $100 million in assets, indicating that market demand is far beyond expectations. Among them, SPCH recorded about $1.3 billion in single-day trading value, setting a new historical high record for the second day after an ETF was listed, and even surpassing the level of the prior IBIT’s approximately $500 million over the same period.

Eric Balchunas described the current market as a “total feeding frenzy,” and said that earlier views questioning whether the market had enough trading demand to support multiple leveraged ETFs tied to the same underlying have been overturned by market data. Although LeverageShares leads in trading volume, SPCF (ProShares) performs better in net subscriptions, recording inflows of about $184 million, while the second-highest product recorded only about $45 million. All products recorded positive inflows, with total net inflows of about $308 million; however, it will still take 1 to 2 weeks to clearly see the final pattern of how the funds are concentrated.