New York, May 20, 2026, 18:26 EDT
SPAC and New Issue ETF ended Wednesday up 0.64% at $22.09, now trading with the ticker SPCK. The move comes as U.S. new listings picked up, giving the thinly-traded fund a gauge on risk sentiment. SpaceX also filed for a roughly $75 billion IPO under the ETF’s old SPCX symbol.
The ticker shift draws attention since the fund switched from SPCX to SPCK on April 7. Tuttle Capital at the time said the ticker change didn’t affect the fund’s investment strategy, goal, fees or costs.
SPCK tracks a small part of the market that’s been looking to restart deals. A SPAC is a listed cash shell hunting a private company merger, while an IPO puts company shares on the public market for the first time. The fund keeps at least 80% of its assets in SPACs and IPO stocks from the last two years, according to .
The fund remains small. It reported $7.14 million in net assets on its website as of May 19, with 41 holdings and 325,000 shares outstanding. The market price was $21.95, just under its net asset value of $21.96 per share.
New IPO filings picked up. Renaissance Capital said Research Alliance III, a SPAC set up by RA Capital, priced its $75 million IPO on Wednesday. FutureCorp Space Acquisition 1 filed for a $200 million SPAC IPO focused on space and defense. JAB Acquisition I filed Tuesday for a $150 million IPO in marketing tech.
The fund barely moved compared to bigger gains in risk assets. The Renaissance IPO ETF climbed roughly 3.9%, and the SPDR S&P 500 ETF Trust was up about 1.0%, per market data. The S&P 500 gained 1.1%. The Nasdaq composite rose 1.5% as yields and oil each dropped.
Bigger deals are starting to move into the IPO pipeline, not just the SPAC crowd. Reuters said OpenAI is getting ready to confidentially file for a U.S. IPO in the next few weeks. SpaceX is also expected to file, putting two big private names in front of portfolio managers at once. “Simultaneous filings also force portfolio managers to evaluate both companies side by side,” IPOX Vice President Kat Liu told Reuters. Reuters
Lincoln International’s first day on the market showed more demand for new listings. The investment bank landed a $2.3 billion valuation as shares started trading 12.6% above the IPO price. “That ice dam is melting,” CEO Rob Brown told Reuters. Reuters
SEC proposes making share issuance, reporting easier for public companies
The U.S. Securities and Exchange Commission on Tuesday proposed rule changes it says will ease share issuance and reporting for public companies. The regulator wants to lift the “large accelerated filer” threshold to $2 billion from $700 million and expand access to shelf offerings, which allow companies to pre-register securities and sell them later when the market is right. Reuters
The SPAC angle is more complicated. Reuters said the SEC’s proposed rules wouldn’t cover blank-check companies, penny stocks or shells, which means SPAC sponsors are still at the mercy of investor demand, deal terms and how many shareholders cash out.
SPCK comes with its own risks. The fund’s disclosure says short-term returns are not a reliable measure for what comes next, and that not much research coverage could mean more volatility. Holdings and allocation can shift. As of May 19, its biggest names were FG Imperii Acquisition Corp, Twelve Seas Investment Co III and Art Technology Acquisition Corp.
SPCK is thinly traded but gives active exposure to SPACs and recent IPOs while more names are hitting the new-issue calendar. The focus turns to whether filings from this week actually price, and if the biggest IPOs can pull money into the sector instead of pulling it out of the smaller shells.
