Defiance ETFs Launches the First SPAC ETF

NEW YORK–(BUSINESS WIRE)–Defiance ETFs has announced the launch of the first SPAC ETF (NYSE: SPAK), Defiance Next Gen SPAC Derived ETF, available for trading today. SPAK joins Defiance’s growing suite of first-mover thematic ETFs, including FIVG (5G ETF) and IBBJ (Junior Biotech ETF). “The Defiance team is excited to bring to market the first SPAC ETF (NYSE: SPAK). Picking the winners of individual SPACs can be very difficult, however the ETF structure allows investors to access the most liqu