CCC - Two SPAC-focused ETFs were not enough. Another starts trading today

A third U.S. SPAC ETF begins trading on Tuesday.Morgan Creek and financial-tech firm Exos Financial will jointly launch the Morgan Creek-Exos SPAC Originated ETF, an actively managed SPAC portfolio that will trade on NYSE Arca under the ticker symbol “SPXZ.”Two Other SPAC ETFs -- the Defiance Next Gen SPAC Derived ETF (SPAK) and the  and New Issue ETF (SPCX) -- have performed well since their recent launches.A third ETF designed to track burgeoning U.S. SPAC offerings begins trading on Tuesday as hedge fund Morgan Creek Capital Management jumps on the Wall Street bandwagon for special purpose acquisition companies. Morgan Creek and financial-tech firm Exos Financial will jointly launch the Morgan Creek-Exos SPAC Originated ETF, an actively managed SPAC portfolio that will trade on NYSE Arca under the ticker symbol “SPXZ.”SPACs are companies that stage initial public offerings without any real business operations, using the IPO proceeds to later buy firms that

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Two SPAC-focused ETFs were not enough. Another starts trading today