SPY - SPAC ETFs have already attracted more than $200M in assets

SPAC exchange traded funds are seeing their assets under management soar as special purpose acquisition companies remain hot with investors. The SPAC and New Issue ETF (SPCX) announced Thursday that its AUM topped $100 million after just 27 trading days, and the three SPAC ETFs that have gone public to date have some $235 million in assets between them. "This year has gotten off to an extraordinary start in terms of the number of new SPACs coming public,” said Matthew Tuttle of Tuttle Tactical Management, which runs SPCX. “With over 100 SPAC IPOs raising in excess of $29.6 billion thus far in 2021, we are extremely encouraged by investor enthusiasm for what continues to be a robust new issue calendar.” Tuttle said SPCX’s assets under management hit $137 million as of the market’s close on Wednesday – an impressive showing considering the ETF only began trading on the New York Stock Exchange

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SPAC ETFs have already attracted more than $200M in assets