SpaceX Fever Accelerates Space ETFs, Weakness In Crypto ETF Flows | ETF IQ 5/28/2026

Watch on YouTube ↗  |  May 28, 2026 at 19:47  |  44:44  |  Bloomberg Markets
Speakers
Dan Ahrens — CIO & Portfolio Manager, AdvisorShares
David Forgash — Head of Leveraged Finance, PIMCO
Todd Sohn — ETF Strategist, Strategas
Roxanna Islam — Head of Sector & Industry Research, TMX VettaFi

Summary

The episode covers the acceleration of space ETFs ahead of the SpaceX IPO, weakness in crypto ETF flows, a psychedelics ETF benefiting from regulatory changes, and a leveraged finance outlook from PIMCO favoring energy.

  • Space ETFs are surging as the SpaceX IPO approaches, with several new filings and inflows.
  • Crypto ETFs, especially spot Bitcoin, have seen outflows recently despite institutional interest.
  • Hyper liquid crypto ETFs have outperformed due to their trading platform exposure.
  • The AdvisorShares Psychedelics ETF is gaining attention from Trump's executive order on alternative treatments.
  • PIMCO's head of leveraged finance is overweight energy and sees it continuing strong through year-end.
  • The loan market is bifurcated, with active management favored to navigate software and data center risks.
  • Homebuilders and building suppliers could be opportunistic if rates decline, but the call is conditional.
  • ETF industry M&A speculation includes Dimensional Fund Advisors as a potential target.
Trade Ideas
Dan Ahrens CIO & Portfolio Manager, AdvisorShares 26:02
Psychedelics ETF benefits from regulatory tailwinds
The psychedelics ETF (PSYK) benefits from recent regulatory tailwinds, including an executive order from President Trump to fast-track alternative psychedelic treatments for mental health conditions. The fund holds real biotech companies with FDA trials, and the space is gaining attention, which should drive inflows and performance.
PSYK MED
David Forgash Head of Leveraged Finance, PIMCO 39:07
Energy sector will remain strong through year
Energy has been very strong and being overweight energy has been a big help to portfolios. We see that continuing through the end of this year, as supply and demand dynamics remain favorable.
XLE HIGH
Up Next
17:58
How NASA’s Chief Plans to Bring Back the Moonwalk — And Beat China
Bloomberg Markets · May 28
4:25
TD Securities’ Peter Haynes outlines the timeline for SpaceX index inclusion
CNBC · May 28
2:51:33
LIVE: War Is ALMOST Over!? Stock Market ATH #893 - Trump's Pumping DELL, TWO Interviews Today!!!
Thread Guy · May 28
0:33
Trump Will Not Make a Bad Deal With Iran, Bessent Says
Bloomberg Markets · May 28
31:37
Treasury Secretary Scott Bessent holds White House press briefing — 5/28/2026
CNBC · May 28

This Bloomberg Markets video, published May 28, 2026, features Dan Ahrens, David Forgash discussing PSYK, XLE. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Dan Ahrens, David Forgash  · Tickers: PSYK, XLE