To The Moon? SpaceX IPO May Ground Crypto ETFs

SpaceX's anticipated $1.75 trillion IPO with 30% retail allocation is expected to redirect investor capital away from cryptocurrencies and crypto ETFs toward the aerospace company and AI-related opportunities. Bitcoin has declined to $60,000 from October peaks, and crypto ETF outflows exceeded $2 billion in May. While crypto funds face headwinds, innovation ETFs, AI-focused funds, and semiconductor ETFs may benefit from this capital rotation.