New SpaceX 2X leveraged ETF SPCH hits $1.3B volume, doubling Bitcoin trust's debut record.

The newly launched Leverage Shares 2X Long SPCX Daily ETF (SPCH) tied to SpaceX stock surged with $1.3 billion in trading volume on its second day, surpassing the record set by BlackRock's iShares Bitcoin Trust (IBIT) in 2024. Despite heavy competition from multiple leveraged and inverse SpaceX ETFs, SPCH captured nearly half of the market volume, signaling strong investor interest. However, experts caution that 2X leveraged ETFs like SPCH are designed for daily trading and can suffer from volatility decay, making them risky for long-term holding. Investors should treat these as short-term trading tools rather than buy-and-hold investments.