Concerns remain over whether the SPAC market is large enough to support an ETF portfolio, even after a record-breaking year that has seen over $41 billion raised so far. SPAK seeks to counter that worry by weighting its holdings according to market value. That will give extra exposure to shares of SPACs that have surged after they bought a private company, effectively taking it public.
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The first blank-check ETF makes its trading debut
“It includes the entire ecosystem without picking winners and losers,” Defiance ETFs Chief Executive Officer Matthew Bielski said in an interview. “The biggest companies have the biggest exposure, so there’s not a liquidity issue.”
