France’s Melanion Capital to Launch ‘Green’ Bitcoin-Focused SPAC

Melanion Capital is to list a SPAC focused on acquiring and developing businesses linked to “green and clean bitcoin,” Financial News reports.

The Paris-based asset manager, which already oversees a number of crypto exchange-traded funds, said the new company will invest in firms that hold, trade, mine and lend bitcoin mined with environmentally friendly origins. Read more.

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Beware the SPAC: Report

Either the SPAC manager finds an investment and keeps the large fees, up front fees and promote, or the SPAC manager has to give money back to investors, a Seeking Alpha columnist opines.