Wall Street’s fascination with SPACs has spread to the exchange-traded funds market, The Wall Street Journal reports today.
Three new ETFs are vying for investor dollars to play the market’s newest obsession: betting that selling startup companies to private-equity pros and other financial players will prove to be a better way to fund growth companies than the traditional initial public offering.
But will small fry make money on these funds, or succumb to a SPAC attack? Read more.
