South Korean asset managers are rushing to increase exposure to SpaceX through exchange-traded funds, as investor demand for the newly listed aerospace company

The result was a market struggling to settle on a single narrative, with investors lurching between macroeconomic developments and speculative trades

SpaceX's Nasdaq debut under SPCX saw ETF holders surge from 4 to 40 in one session, with BlackRock and 25+ funds racing to establish positions in the $2T