This would be done on a case-by-case basis, Tuttle said.
Unlike a peer SPAC ETF, this fund does not hold any former SPACs. The ETF will hold units, common shares and possibly warrants.
The fund manager told Benzinga he has no problem holding warrants and would do this on a case-by-case basis.
What’s Next For SPACs: The number of SPACs issued could taper off, Tuttle said.
“I don’t think it’s a fad or a trend.”
When gains are harder to come by in normal stocks, he said people could shift into SPACs.
Investing In Management Teams: Similar to what other fund managers and analysts, Tuttle is betting on the management teams behind the SPACs that have not announced deals.