Roundhill launches Sports Betting ETF
Roundhill Investments (Roundhill) has launched the Roundhill Sports Betting & iGaming ETF (BETZ), which is designed to track the global online sports betting and online casino sector.
Rounhill recently marked the one-year anniversary of the launch of its first ETF, the Roundhill BITKRAFT Esports & Digital Entertainment ETF (NYSE ARCA: NERD), which is up 28.55 per cent since inception.
BETZ's holdings as of 3 June close include sportsbooks DraftKings (7.02 per cent) and Flutter (6.53 per cent), betting technology companies Kambi (4.78 per cent) and GAN (5.79 per cent), and Barstool Sports parent Penn National (4.16 per cent).
The Roundhill Sports Betting & iGaming ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Roundhill Sports Betting & iGaming Index.