Roundhill Investments launches BETZ, which is a sports betting and iGaming ETF. It is designed to track global online sports betting and online casinos. Also, the new ETF provides exposure to multiple sectors of the sports wagering ecosystem.
BETZ seeks to provide investment results before fees and expenses. Besides generally corresponding to the total return performance of the Roundhill Sports Betting and IGaming index.
Roundhill Investments Launches BETZ with Classifications
As Roundhill Investments launches BETZ, it specifies classification to track the companies under the new ETF. According to gambling reviews, these includes:
- In-person or online sportsbooks operators companies
- Online or internet gambling platforms operators companies
- Companies that provide infrastructure or technology to such companies in or according to Roundhill
More than 41% of the 30 companies residing in BETZ are classified as sportsbook operators. And more than a quarter are technology companies. Suppliers of iGaming offerings represent 16.3%, while traditional casino companies and lead generation combine for almost 17%.
First of its Kind Exchange Traded Fund (ETF)
BETZ is first of its kind ETF, which often carries with the advantage in the fund universe. Also, it is the first ETF to hold shares of DraftKings following that company’s April 24 debut. The sportsbook operator is the fund’s largest holding at 7.02% weight.
It is also underscoring leverage offer to online sports betting and daily fantasy sports (DFS) companies. Flutter Entertainment is the number two, component in BETZ at 6.53%.
Additionally, BETZ is the first product of its kind to sport a position in GAN Ltd., a newly public gaming software company. The UK-based company, also recently listed on the NASDAQ Stock Exchange, is the third-largest holding in BETZ.
The traditional casinos include in BETZ are Penn National Gaming, Eldorado Resorts, Boyd Gaming, and MGM Resorts International. All of which are having iGaming and or sports betting exposure.
With Roundhill Investments launching BETZ, it is the right timing. It also comes at a time when analysts are increasing their forecasts consistently for the US sports betting market.