Leverage Shares' 2x SpaceX ETF Sets First-Week ETF Record With $4 Billion
Leverage Shares' 2x Long SpaceX ETF, an exchange-traded fund trading as SPCH, generated $4 billion of volume in its opening week, which ETF analyst Eric Balchunas described as the biggest first week for any ETF. The total was reached in four trading days because Friday was a holiday.
Across leveraged SpaceX ETFs, trading volume topped $10 billion in the first four sessions, the figures Balchunas cited showed, with SPCH leading at $4 billion. SpaceX itself has seen heavy stock trading since its IPO: South Korean retail investors bought a record $796 million of the shares on June 12, its first trading day, before the stock fell for two straight sessions and slipped back below Amazon by market value.
From the sources (13 posts)
@firstsquawkSPACEX SHARES EXTEND DROP TO SESSION LOW, DOWN 7.9%
@brewmarketsSpaceX just erased $210 billion in value.
@hedgeye@brewmarkets @MorningBrew SpaceX has shed -$330 billion in two days
@bulltheoryioBREAKING: $SPCX is down -22% in the last 2 days, wiping $660 billion from its market cap.
@zerohedge*SPACEX SHARES EXTEND DROP TO 9%
@cointelegraph🚨 UPDATE: SpaceX shares fell for a second straight day, pushing the company’s market cap below Amazon after last week’s historic IPO rally.
@arkhamTrader VBVIT is now the largest SpaceX SHORT in crypto. He started shorting $6.3M SPCX before the stock even began trading - now increasing that short to $28.9M at an average price of $193. VBVIT is up $2.5M in the past 7 days of trading.
@cointelegraph⚡️ JUST IN: Binance processed over $5.7 billion in SPCX pre-IPO perpetual futures volume on June 12, exceeding the combined volume of all other venues.
@globalmktobserv‼️Korean retail investors are rushing into SpaceX at an UNPRECEDENTED pace: South Korean mom-and-pop investors purchased $795.9 MILLION of SpaceX, $SPCX, shares on June 12, its first trading day. TAP IMAGE TO SEE FULL INSIGHT👇 https://t.c
@globalmktobservRT @GlobalMktObserv: ⚠️Retail investors have never piled into a single stock this hard: Over the first 3 trading sessions following SpaceX…
@firstsquawkSOUTH KOREAN RETAIL INVESTORS POUR RECORD $796M INTO SPACEX ON FIRST DAY OF TRADING ACCESS KOREAN RETAIL TRADERS SNAP UP NEARLY $800M OF SPACEX IN SINGLE DAY
@ericbalchunasThe LeverageShares 2x SpaceX ETF $SPCH did $4b of volume by itself last week, making it the biggest first week of trading for an ETF ever. Better than the first week for $IBIT, $DRAM, $BITO, you name it. And further it did it in 4 days not
@stockmktnewzWE JUST HAD A NEW MOST POPULAR ETF LAUNCH IN HISTORY The Leverage Shares 2x Long SpaceX ETF $SPCH had $4 Billion worth of shares traded in its first week That is more than any other ETF in history for its first week of trading beating out