According to Eric Balchunas, the newly launched IONX 2x leveraged ETF, which tracks quantum computing company IONQ, spiked 73% today and has risen 220% since its debut, backed by $250 million in trading volume – 10 times its average and ranking in the top 3% among all ETFs (source: Eric Balchunas on Twitter, May 22, 2025). IONQ has positioned itself as the 'Nvidia of quantum computing,' and this explosive volatility is drawing the attention of both equity and crypto traders. The surge in trading activity and high volatility in IONX could signal increased institutional interest in quantum computing assets, which is likely to spill over to related crypto sectors, especially quantum-resistant blockchain projects. Traders should monitor quantum tech news for potential momentum shifts in crypto markets.

According to Eric Balchunas, the 2x GameStop ETF $GMEU experienced a successful launch with over $4 million in trading volume on its first day. This impressive debut exceeds the initial volumes of $NVDL and $TSLL, both of which have grown into multi-billion dollar ETFs. Traders are advised to watch $GMEU for potential growth, considering its strong start.