Loading…
Loading…
SPAK (Defiance Next Gen SPAC Derived ETF) is no longer actively trading.
This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
The index tracks the performance of the U.S.-listed common stock of Special Purpose Acquisitions Corporations (“SPACs”) and companies derived from SPACs. SPACs are companies with no commercial operations that are established solely to raise capital from investors for the purpose of acquiring one or more operating businesses. The fund invests at least 80% of its net assets in SPACs and SPAC-derived companies. The fund is non-diversified.
Is SPAK's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
SPAC issuance has been reduced to a trickle for most of 2022, but now even that is drying up. July is expected to be the first month with no blank check IPOs in over five years. In the last two years, the SPAC market has gone from boom to bust.
BFAC And The SPAC Problem
What is a SPAC?
Spotlight On SPACs: More Risk Than Opportunity?
The Defiance Next Gen SPAC ETF tracks the indxx SPAC and Next Generation IPO Index. SPAK is down over 35% in the last year as a result of a decreased appetite for SPAC listings.