HUGE first day in the 2x SpaceX Derby w/ a combined volume of over $1b. Notable that LeverageShares (who isn't nearly as big in US) is out to such a big lead, $281m makes it the biggest first day since IBIT. Even ETHA and DRAM didn't do that much. And it had to share the demand w 11 dif ETFs. Would not have predicted that. Also the fact that the least among them still got $26m is bonkers. For context if you launch an ETF and it trades $1m on first day you are ecstatic. So far everyone eating., but we'll see how this plays out and how assets form (likely few winners, few middle class and a few relegated to oblivion)