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Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, discusses the idea of creating an S&P index ETF that excludes SpaceX.
Balchunas observes that despite interest from some online users, the existence of multiple SpaceX-related ETFs suggests limited demand. He also points out that a similar attempt to launch an S&P ex-tech ETF received little attention.
Balchunas has previously commented on ETF strategies aimed at institutional preferences. He has noted that institutional investors view bitcoin ETFs as gold-like alternatives rather than vehicles for tech-stock-style gains. In an earlier analysis, Balchunas discussed Hyperliquid’s approach, observing that 99% of the platform's fees are allocated to token buybacks.