Odaily Planet Daily reports: Eric Balchunas, Senior ETF Analyst at Bloomberg, posted on X that trading activity around the SpaceX leveraged ETF has continued to surge, with cumulative trading volume exceeding $3 billion—up significantly from approximately $1 billion the previous day—indicating a “full-scale influx of capital.” The current market can almost be described as a “total feeding frenzy,” and he noted that market data has disproven earlier skepticism about whether there was sufficient trading demand to support multiple leveraged ETFs on the same underlying asset.
Eric Balchunas added that, at this stage, the assets under management of nearly all similar ETFs have reached or exceeded $100 million, indicating that market demand far surpasses expectations. SPCH recorded a single-day trading volume of approximately $1.3 billion, setting a new record for the highest trading volume on the second day of an ETF’s listing, even surpassing IBIT’s同期 level of about $500 million. Although LeverageShares led in trading volume, SPCF (ProShares) demonstrated stronger net inflows, attracting approximately $184 million in capital, compared to just $45 million for the second-highest product. All products recorded positive inflows, with total net inflows reaching approximately $308 million. However, it will still take one to two weeks to clearly see the final distribution of capital concentration.