Bitget rToken Surpasses $100M AUM as rSPCX Leads Early Tokenized Equity Demand
Bitget
By Ryan Lee, Chief Analyst at Bitget Research
Executive Summary
Bitget rToken crossed
$100M in AUM within five weeks of launch, reaching approximately
$114M by July 6,
2026. Since launch on June 2, rToken recorded
$671.37M in cumulative trading volume, with average daily volume of
$19.75M and a peak single-day volume of
$56.16M.
The latest asset-level data shows
rSPCX as the largest rToken by TVL, accounting for
23.51% of the total. rCSCO follows with
17.75%, while rNVDA accounts for
13.38%. The ranking shows that early rToken demand is being led by high-attention private-market and technology-linked assets, with AI infrastructure names forming a major secondary cluster.
rTokens are tokenized equity products available on Bitget, designed to give eligible users access to selected US equity-linked assets through a crypto-native trading experience. The product supports 24/7 market access and forms part of Bitget’s wider push to bridge crypto liquidity with equity-linked opportunities.
Trading Behavior and Asset Demand
Early rToken activity points to a high-turnover trading pattern. Since launch, rToken has recorded
$671.37M in cumulative trading volume against approximately
$114M in current AUM, placing total volume at nearly
6x current AUM. Average daily volume stands at
$19.75M, while the highest single-day volume reached
$56.16M, equivalent to nearly half of current AUM. This suggests that users are treating rTokens as liquid instruments for market access, short-term positioning and equity-linked exposure.
The latest TVL distribution shows
rSPCX as the leading rToken, with
$165.38M and
23.51% of the total. This points to strong demand for private-market style exposure within tokenized equities, especially assets that are difficult for many global users to access through traditional brokerage channels.
AI infrastructure remains the next major demand cluster.
r
CSCO accounts for 17.75%, followed by
r
NVDA at 13.38%,
r
DRAM at 8.19%,
r
MU at 5.65%, and
r
MRVL at 4.42%. Together, these names show continued user interest across networking, chips, memory and semiconductor infrastructure linked to the AI buildout.
The top 10 rTokens also show demand beyond AI.
r
SNDK,
r
TSLA,
r
CRCL and
r
NOK point to wider interest across storage, electric vehicles, software and communications-linked assets. This suggests that rToken trading is beginning to move across several high-conviction equity categories, with private-market access and AI infrastructure currently leading activity.
With Q2 earnings season starting next week, rToken trading may see a near-term rise in active participation, especially around large-cap tech and AI infrastructure names. Based on current turnover levels and earnings-driven volatility, daily active traders could reasonably increase by
15–25% during major earnings weeks compared with the recent baseline.
One expected behavior for 2026–2027 is the rise of
catalyst-driven rotation across tokenized equities. As more rTokens become available, traders may increasingly move between baskets of related equity tokens around earnings, product cycles, macro data and sector-specific catalysts. Current activity shows two early patterns: demand for hard-to-access private-market exposure through rSPCX, and concentrated trading across AI infrastructure assets such as rCSCO, rNVDA, rDRAM, rMU and rMRVL.
The article is based on internal Bitget rToken trading data from launch on June 2, 2026 to July 8, 2026.
2026-07-08
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