Five Months After First SPAC ETF, the De-SPAC Funds Are Coming
- Fund from Tuttle tracks 25 firms after blank-check mergers
- De-SPAC ETF, inverse version join firm’s other SPAC offering
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After an initial burst of new ETFs tracking special purpose acquisition companies, the next wave of products will offer ways to bet against them.
Tuttle Tactical Management is planning to start a De-SPAC exchange-traded fund that would include the 25 largest companies based on market capitalization that have merged with special purpose acquisition companies, according to a regulatory filing. There’s also a Short De-SPAC ETF which provides the inverse of the first product.