The appetite for SpaceX exposure is bigger than I expected.
More than $8.9 billion has already been traded in SpaceX-linked products across the crypto market.
Over the last 24 hours alone (as of June 13, 9:00 UTC), $5.6 billion changed hands on Binance, representing more than 60% of all SpaceX trading activity across centralized and decentralized venues.
For years, retail investors had almost no way to get exposure to companies like SpaceX. The volume we’re seeing suggests the demand was always there. It just lacked a market.