Dooley launched the SPAC in 2021, with the goal of acquiring wealth management firms. It now plans to take Unifund, a consumer debt servicer, public in a $238 million deal.
Traders dumped $3.1 billion from the Invesco QQQ Trust Series 1 ETF (QQQ), just as the exchange-traded fund snapped a six-day winning streak.
Aside from BlackRock, Invesco, WisdomTree and Bitwise have submitted similar plans for a spot Bitcoin ETF in recent days.
The last half-decade was not good to these funds.