This paper analyzes the correlation between passive ETF investments and SPAC pricing along with the roles and impacts of each party involved within the de-SPAC process. We find that ETFs serving as passive investment vehicles are primary holders of SPACs as seen through the -15.56% median decline in SPACs following the delisting of SPAK, a leading SPAC based ETF. We further analyze the opportunities within the de-SPAC process for insiders to receive personal benefits through the means of payouts, founder shares, and more.
Report 1
The following report overviews the process of quantitative strategy production. It consists of all the steps our analysts took to construct a consistent form of alpha, along with all necessary risk management metrics to ensure institutional grade. The following APIs were utilized to conduct this report: Polygon.io, Nasdaq Daily List, SEC EDGAR API, OpenFIGI, Boardroom Alpha, SPAC Insider, ORTEX, Nasdaq Trader, NYSE Halts, Benzinga News API, TradingHours API, Ken French Factors, Financial Models Prep, FINRA Daily Short Volume, Reg SHO, and SEC FTD.
Report 2
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