Amidst the storm of leveraged and inverse ETF launches, one option is looking to leverage the SPAC market. The RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ). The ETF plans to invest in special purpose acquisition companies (SPAC) which are seen as “blank check” companies and SPCZ will plan to invest prior to the companies merge with its target company. SPCZ will be able to leverage individual SPACs as well as a basket of SPACs.
RiverNorth Launches Leveraged SPAC ETF
ETF Newz Says:
Single-stock ETFs continue to pop up but SPCZ is the first of its kind to leverage the SPAC market.