TechFlow News, June 17: Eric Balchunas, Senior ETF Analyst at Bloomberg, posted on X stating that trading activity in SpaceX-leveraged ETFs continues to intensify, with cumulative trading volume exceeding $3 billion—marking a sharp increase from approximately $1 billion the previous day—and indicating a “broad-based capital inflow” into the market. At present, nearly all such leveraged ETFs have reached or surpassed $100 million in assets under management (AUM), reflecting demand far exceeding expectations. Among them, SPCH recorded a single-day trading volume of roughly $1.3 billion—the highest ever on its second day of listing—and even surpassed IBIT’s comparable figure of approximately $500 million.
Balchunas described the current market as a “total feeding frenzy,” noting that earlier skepticism about whether sufficient trading demand existed to sustain multiple leveraged ETFs tracking the same underlying asset has now been refuted by market data. Although LeverageShares leads in trading volume, SPCF (ProShares) outperformed in net inflows, attracting approximately $184 million, compared to the next-highest product’s roughly $45 million. All products reported positive net inflows, with total net inflows reaching approximately $308 million. However, it will still take one to two weeks to determine the final concentration pattern of capital flows.
