Spac Boom Fades As Etfs Tracking Blank-check Firms Crater Amid Risk-off Sentiment

Drew Angerer/Getty Images The boom in SPACs over the past year could be unwinding as ETFs that track the blank-check firms crater.The Defiance Next Gen SPAC Derived ETF has dropped more than 20% over the past two weeks as risk-off sentiment persists.More than 200 SPACs have raised $70 billion so far in 2021, which nearly eclipses the amount SPACs raised in all of 2020.

 

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