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Tuttle alters SPAC ETF ticker to release SPCX, Eric Balchunas points out

Tuttle alters SPAC ETF ticker to release SPCX, Eric Balchunas points out
Tuttle frees SPCX ticker for ETF

Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, notes that LeverageShares has filed for a 2x SPCX ETF and suggests this signals SPCX will be used as the ticker. He adds that the most significant indication was Tuttle changing the ticker on a left-for-dead SPAC ETF to free up SPCX, which suggests an individual with the initials EM may be involved.

Earlier, Balchunas reported that DRAM trading volume surpassed major companies like Wal-Mart and Boeing, reaching $2.2 billion in a single day and $3.7 billion in assets under management, according to Bloomberg Intelligence data. He has also emphasized the importance of community engagement in crypto as institutional and corporate BTC ownership continues to grow, as noted in a recent analysis. These observations reflect Balchunas's continued focus on ETF flows and market engagement.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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