SpaceX ETF Frenzy Reaches 'Bonkers' Levels As Volume Surges Past $1 Billion

Following SpaceX's IPO, ten leveraged ETFs launched on Monday, generating over $1 billion in trading volume. Multiple issuers including ProShares, Tradr, Leverage Shares, Defiance, GraniteShares, REX Shares, and Direxion rushed to capitalize on investor demand for amplified exposure to SPCX. A fee war emerged among competitors, with expense ratios ranging from 0.75% to 2.20%. The existing Tema Space Innovators ETF also saw significant inflows of $146 million on Monday.