CrossingBridge Pre-Merger SPAC ETF (Nasdaq: SPC) Designates Cash Creation/Redemption the Default Order Type in Effort to Reduce Trading Volatility and Enhance Liquidity
CrossingBridge Pre-Merger SPAC ETF (Nasdaq: SPC) has announced a significant structural change to its fund operations by making cash creations and redemptions the default payment method, replacing in-kind transactions. This strategic modification aims to reduce trading volatility and enhance liquidity for market makers and investors.
The change comes in response to observed larger-than-typical disparities between the ETF's market pricing and its NAV. The actively managed fund, which focuses on pre-merger SPACs, seeks to maintain its fixed income characteristics while prioritizing downside risk mitigation. Portfolio Manager and CIO David Sherman emphasized that this adjustment is designed to provide a more consistent and efficient trading experience.
CrossingBridge Pre-Merger SPAC ETF (Nasdaq: SPC) ha annunciato un'importante modifica strutturale nelle operazioni del fondo, adottando come metodo di pagamento predefinito le creazioni e riscatti in contanti, sostituendo cos矛 le transazioni in natura. Questa strategia mira a ridurre la volatilit脿 del trading e migliorare la liquidit脿 per market maker e investitori.
La modifica 猫 stata introdotta in risposta a disparit脿 pi霉 ampie del normale tra il prezzo di mercato dell'ETF e il suo NAV. Il fondo gestito attivamente, focalizzato su SPAC pre-fusione, punta a mantenere le sue caratteristiche di reddito fisso dando priorit脿 alla mitigazione del rischio al ribasso. Il Portfolio Manager e CIO David Sherman ha sottolineato che questo aggiustamento 猫 pensato per offrire un'esperienza di trading pi霉 stabile ed efficiente.
CrossingBridge Pre-Merger SPAC ETF (Nasdaq: SPC) ha anunciado un cambio estructural significativo en la operativa de su fondo al establecer como m茅todo de pago predeterminado las creaciones y redenciones en efectivo, reemplazando las transacciones en especie. Esta modificaci贸n estrat茅gica busca reducir la volatilidad del trading y mejorar la liquidez para los creadores de mercado e inversores.
El cambio responde a la observaci贸n de diferencias mayores de lo habitual entre el precio de mercado del ETF y su NAV. El fondo gestionado activamente, que se centra en SPACs pre-fusi贸n, busca mantener sus caracter铆sticas de renta fija mientras prioriza la mitigaci贸n del riesgo a la baja. El gestor de cartera y CIO David Sherman destac贸 que este ajuste est谩 dise帽ado para proporcionar una experiencia de trading m谩s consistente y eficiente.
CrossingBridge Pre-Merger SPAC ETF (Nasdaq: SPC)電� 順勱笀 彀届稖 氚� 靸來櫂 氚╈嫕鞚� 旮半掣 瓴办牅 靾橂嫧鞙茧 毂勴儩頃橃棳 順勲 瓯半灅毳� 雽�觳错晿電� 欷戩殧頃� 甑“鞝� 氤�頇旊ゼ 氚滍憸頄堨姷雼堧嫟. 鞚� 鞝勲灥鞝� 氤�瓴届潃 鞁滌灔 臁办劚鞛愳檧 韴瀽鞛愲摛鞚� 鞙勴暅 瓯半灅 氤�霃欖劚 臧愳唽 氚� 鞙犽彊靹� 頄レ儊鞚� 氇╉憸搿� 頃╇媹雼�.
鞚措矆 氤�瓴届潃 ETF鞚� 鞁滌灔 臧�瓴╆臣 靾滌瀽靷瓣皜旃�(NAV) 臧勳棎 韽夓唽氤措嫟 韥� 彀澊臧� 甏�彀半悳 雿� 霐半ジ 雽�鞚戩瀰雼堧嫟. 頃╇硲 鞝� SPAC鞐� 欷戩爯鞚� 霊� 鞝侁饭鞝� 鞖挫毄 韼�霌滊姅 瓿犾爼 靾橃瀰 韸轨劚鞚� 鞙犾頃橂┐靹� 頃橂癌 鞙勴棙 鞕勴檾毳� 鞖办劆鞁滍暕雼堧嫟. 韽姼韽措Μ鞓� 毵る媹鞝� 瓴� CIO鞚� David Sherman鞚� 鞚� 臁办爼鞚� 氤措嫟 鞚缄磤霅橁碃 須湪鞝侅澑 瓯半灅 瓴巾棙鞚� 鞝滉车頃橂弰搿� 靹り硠霅橃棃雼り碃 臧曥“頄堨姷雼堧嫟.
CrossingBridge Pre-Merger SPAC ETF (Nasdaq : SPC) a annonc茅 un changement structurel important dans le fonctionnement de son fonds en adoptant les cr茅ations et rachats en esp猫ces comme m茅thode de paiement par d茅faut, rempla莽ant ainsi les transactions en nature. Cette modification strat茅gique vise 脿 r茅duire la volatilit茅 des 茅changes et 脿 am茅liorer la liquidit茅 pour les teneurs de march茅 et les investisseurs.
Ce changement intervient en r茅ponse 脿 des 茅carts plus importants que d'habitude entre le prix de march茅 de l'ETF et sa valeur liquidative (NAV). Le fonds activement g茅r茅, qui se concentre sur les SPACs avant fusion, cherche 脿 conserver ses caract茅ristiques de revenu fixe tout en donnant la priorit茅 脿 la r茅duction du risque 脿 la baisse. Le gestionnaire de portefeuille et CIO David Sherman a soulign茅 que cet ajustement est con莽u pour offrir une exp茅rience de trading plus stable et efficace.
CrossingBridge Pre-Merger SPAC ETF (Nasdaq: SPC) hat eine bedeutende strukturelle 脛nderung in seinen Fondsoperationen angek眉ndigt, indem Bar-Sch枚pfungen und R眉cknahmen als Standardzahlungsmethode eingef眉hrt werden und damit Sachtransaktionen ersetzen. Diese strategische Anpassung zielt darauf ab, die Handelsvolatilit盲t zu reduzieren und die Liquidit盲t f眉r Market Maker und Investoren zu verbessern.
Die 脛nderung erfolgt als Reaktion auf gr枚脽ere als 眉bliche Abweichungen zwischen dem Marktpreis des ETFs und seinem NAV. Der aktiv verwaltete Fonds, der sich auf Pre-Merger-SPACs konzentriert, versucht, seine Eigenschaften als festverzinsliches Investment zu erhalten und gleichzeitig das Abw盲rtsrisiko zu minimieren. Portfoliomanager und CIO David Sherman betonte, dass diese Anpassung darauf ausgelegt ist, ein konsistenteres und effizienteres Handelserlebnis zu bieten.
- Implementation of cash creations/redemptions to enhance trading stability
- Potential reduction in NAV pricing disparities
- Improved liquidity for market makers and investors
- Current larger-than-typical disparity between market price and NAV
- Existing trading volatility issues requiring structural changes
This adjustment is intended to help reduce trading volatility and enhance liquidity for market makers and investors. The change aligns with CrossingBridge's ongoing commitment to improving the trading experience for shareholders and maintaining price stability relative to the Fund's net asset value (NAV).
"We've observed that the ETF's market pricing has experienced a larger disparity from NAV than is typical, and we want to be responsive," said David Sherman, Portfolio Manager and CIO of CrossingBridge Advisors. "By shifting to cash creations and redemptions, we aim to provide a more consistent and efficient trading experience for investors鈥攃loser to the Fund's historical trading patterns."
The CrossingBridge Pre-Merger SPAC ETF is actively managed and primarily invests in SPACs that have not yet completed a business combination. The Fund seeks to capture the fixed income nature of pre-merger SPACs, while emphasizing downside risk mitigation.
For more information about the CrossingBridge Pre-Merger SPAC ETF, please visit:
About CrossingBridge Advisors 鈥撀燗s of June 30, 2025, CrossingBridge managed in excess of
The prospectus for the CrossingBridge Pre-Merger SPAC ETF can be found by聽.
Investing involves risk. Principal loss is possible.
CrossingBridge Advisors, LLC is the Adviser to the CrossingBridge Pre-Merger SPAC ETF, which is distributed by Foreside Fund Services, LLC.
View original content to download multimedia:
SOURCE CrossingBridge Advisors, LLC
FAQ
What changes did CrossingBridge Pre-Merger SPAC ETF (SPC) announce on July 25, 2025?
Why did CrossingBridge make changes to the SPC ETF structure?
What is the investment strategy of the CrossingBridge Pre-Merger SPAC ETF?
How will the new cash creation/redemption structure affect SPC ETF investors?
