New Space ETF With 10% SpaceX SPV Exposure Tops Procure Space in Two Months
UFO•The Tema Space Innovators ETF launched in March and has overtaken the Procure Space ETF in assets within two months, fueled by a roughly 10% allocation to SpaceX SPV holdings. ETFs offering SpaceX exposure, including Baron First Principles and ERShares, ranked in the top 1% of inflows last week.
1. Rapid Asset Growth for New Space ETF
The Tema Space Innovators ETF debuted in March and quickly attracted investor capital, propelling it past the Procure Space ETF in total assets within eight weeks of launch.
2. SpaceX SPV Allocation Sparks Inflows
Roughly 10% of the fund is invested in a special-purpose vehicle holding SpaceX shares, giving investors pre-IPO exposure that has driven unusually strong inflows.
3. Implications for Procure Space ETF
Procure Space ETF’s relative ranking has slipped as demand concentrates in SPV-access funds, potentially slowing its asset growth or triggering outflows if trends continue.
4. Broader ETF Category Dynamics
Competing vehicles like the Baron First Principles and ERShares Private-Public Crossover ETFs joined the top 1% of inflows, highlighting a shift toward private-market access strategies in the space sector.
