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Jun 17, 2026 12:40 PM

Move Over, Bitcoin: New SpaceX ETF Just Doubled IBIT's Historic Debut

In January 2024, BlackRock's iShares Bitcoin Trust (NASDAQ:IBIT) set a record, generating as much as $500 million in volume for its second trading day.

Yet, that record stood for barely two and a half years. Following Elon Musk's newly public SpaceX (NASDAQ:SPCX), investor enthusiasm has spilled far beyond the stock itself and into a growing universe of leveraged exchange-traded funds.

As many as 25 ETF products launched following the stock's highly anticipated IPO debut. Still, a Leverage Shares 2X Long SPCX Daily ETF  (BATS:SPCH) attracted most attention, generating as much as $1.3 billion in day-two trading volume, according to Walter Bloomberg's X post.

Why SPCH's Lead Matters

Collectively, newly launched SpaceX derivative ETFs generated more than $3 billion in day-two trading volume. Nearly every fund from that group rapidly surpassed $100 million in assets under management, signaling widespread interest from traders.

What makes SPCH stand out is the competitive landscape it faced. ...