A new exchange-traded fund is on the way looking to tap the once red-hot SPAC market, even as investor enthusiasm for blank-check firms sputters and existing products stumble, Bloomberg reports.
The actively managed RiverNorth SPAC Focus ETF would invest in blank-check firms before they merge with their targets, according to a filing with the Securities and Exchange Commission this week. Meanwhile, another index tracking SPACs has tumbled 40% from its 2021 peak. Read more.
