Another SPAC ETF Closing

Morgan Creek – Exos Active SPAC Arbitrage ETF (CSH US), which was brought to market just one year ago in February 2022, is due to cease operations, liquidate its assets, and distribute the proceeds to shareholders March 24, reports ETF Strategy.

Despite the current strains, some analysts have stated that the SPAC market will settle at some point in the future as a smaller, more efficient segment, offering overall better quality for investors. Read more.

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Innovation in SPAC Market is Challenging

The SPAC sector has seen two notable attempts at innovation since 2021, one offered by serial SPAC sponsor Eagle Equity Partners, the other by Pershing Square Capital Management. But neither had attracted imitators