SPAC Boom Heats Up as Latest Blank-Check ETF Hits the Market
- Morgan Creek, Exos team up on actively managed fund SPXZ
- It joins two SPAC ETFs currently trading from Defiance, Tuttle
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There’s a new exchange-traded fund tracking the hot trend of blank-check companies.
The actively managed Morgan Creek – Exos SPAC Originated ETF (SPXZ) started trading Tuesday and charges a 1% expense ratio, according to a statement from Morgan Creek Capital Management and New York-based EXOS Financial.