The New SPACs: The De-SPAC ETF (DSPC) and The Short De-SPAC ETF (SOGU) are the first ETFs to offer pure-play exposure to a basket of de-SPAC’d stocks.
The funds, launched by Connecticut-based Tuttle Capital Management, began trading Wednesday with the goal of allowing investors to bet on “de-SPACs,” a term for the businesses that went public in a reverse merger with a blank-check firm known as a Special Purpose Acquisition Company.
NEW YORK, (May 19, 2021) – The De-SPAC ETF (NYSE: DSPC) and The Short De-SPAC ETF (NYSE: SOGU) start trading on the New York Stock Exchange today. They are the first ETFs to offer pure-play exposure to a basket of de-SPAC’d stocks. De-SPACs are companies that come...
There are plenty of exchange-traded funds for when SPACs are shooting the lights out, and soon, one for when they’re hitting the skids.
Tuttle Capital Management on Wednesday plans to launch the Short De-SPAC ETF in a departure from most such funds in the market that have sought to capitalize on the boom in blank-check companies.