---
title: "ETF trading surges as crypto slumps and IPO hype builds"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289218830.md"
description: "ETF trading volumes surged, with PHO and GSC exceeding averages fivefold. Bitcoin and Ethereum declines boosted inverse crypto ETFs by up to 48.7%, challenging their inflation-hedge status. Meanwhile, retail investors adjusted flows ahead of major IPOs like SpaceX, while institutions monitored sentiment for successful debuts."
datetime: "2026-06-09T16:37:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289218830.md)
  - [en](https://longbridge.com/en/news/289218830.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289218830.md)
---

# ETF trading surges as crypto slumps and IPO hype builds

ETF volumes spike: Water resources ETF PHO and small-cap ETF GSC saw trading volumes more than five times their averages, signaling notable investor activity. Crypto fuels inverses: Bitcoin and Ethereum slumps drove inverse crypto ETFs up as much as 48.7%, challenging the inflation-hedge narrative. IPO anticipation rises: Retail flows are adjusting ahead of major offerings like SpaceX, with institutional players eyeing supportive sentiment for smooth debuts.

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