Two SPAC ETFs Close in One Month

SPAC

Little noticed in the annual August market slowdown were two SPAC ETF closures, Bloomberg reports. 

The Defiance Next Gen SPAC Derived ETF and the Morgan Creek – Exos SPAC Originated ETF shuttered last month, after struggling to maintain traction as the Federal Reserve’s monetary tightening weighs on risk assets and drains liquidity from a market once free-flowing with capital searching for a home. Both funds traded less than two years. Read more.

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