Welcome to our dedicated page for Roundhill Sports Betting & iGaming ETF news (Ticker: BETZ), a resource for investors and traders seeking the latest updates and insights on Roundhill Sports Betting & iGaming ETF stock.
The Roundhill Sports Betting & iGaming ETF (BETZ) is an exchange-traded fund designed to provide investors with targeted exposure to the burgeoning sports betting and online gaming industry. Managed by Roundhill Financial Inc., an innovative investment adviser, BETZ aims to capitalize on the growing interest in both in-person and online sports betting, as well as iGaming platforms.
As of October 2, 2023, BETZ will track the Morningstar® Sports Betting & iGaming Select IndexSM, developed by Morningstar, Inc. This new index seeks to offer pure exposure to companies involved in sports and online betting through a diversified portfolio of common stocks and corresponding American Depositary Receipts (ADRs) or Global Depositary Receipts (GDRs). The transition to this new index was announced on September 18, 2023, and aims to enhance the ETF's alignment with the evolving sports betting market.
The Morningstar® Sports Betting & iGaming Select IndexSM, similar to the previous index, is a global index that includes companies engaged in operating sports books, online gambling platforms, and those providing the necessary infrastructure or technology to support these operations. This targeted exposure allows investors to tap into the rapid expansion of regulated sports betting and iGaming markets worldwide.
Roundhill Financial Inc. offers a prospectus detailing the investment objectives, risks, charges, and expenses associated with BETZ. Investors are advised to read this carefully before investing. The fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Roundhill Financial Inc. or U.S. Bank. As with all investments, BETZ involves risks including market volatility, competition, and regulatory uncertainties in the sports betting industry.
Recent changes and strategic decisions reflect Roundhill's commitment to providing high-quality, theme-based investment products that cater to modern market trends. The ETF is poised to benefit from the continued growth and mainstream acceptance of sports betting and iGaming, making it an attractive option for investors looking to diversify their portfolios with exposure to these sectors.
Roundhill Investments has launched the Roundhill BIG Tech ETF (BIGT), providing focused exposure to the 'FAAMG' stocks: Facebook, Amazon, Apple, Microsoft, and Google. The ETF, trading on NASDAQ from April 11, 2023, offers investors a cost-efficient way to invest in these tech giants with an expense ratio of just 0.29%. The ETF employs an equal weighting strategy and plans quarterly rebalancing. Chief Strategy Officer Dave Mazza highlighted that BIGT addresses market uncertainty by offering a direct investment vehicle for these high-quality companies, which are recognized as leaders in technology and substantial contributors to revenue and market capitalization. With the launch of BIGT, Roundhill aims to enhance its suite of innovative financial products tailored for the next generation of investors.
On March 16, 2021, Roundhill Investments announced that BETZ - The Sports Betting and iGaming ETF has exceeded $500 million in assets under management, achieving this milestone within a year of its launch. The surge is attributed to the accelerated growth of online sports betting during the pandemic and ongoing regulatory developments in the U.S., Canada, and Latin America. Additionally, Roundhill plans to launch the Roundhill Pro Sports ETF (NYSE: MVP), marking a new investment opportunity in professional sports and related sectors.
Roundhill Investments has surpassed $500 million in assets under management within two years of its launch. This achievement highlights the firm's focus on reaching a broad base of investors rather than just larger ones. Co-founder Tim Maloney attributes this success to building a community of often underserved investors. The firm is set to launch the Roundhill Streaming Services & Technology ETF (NYSE: SUBZ), the first ETF dedicated to the streaming sector.
FAQ
What is the current stock price of Roundhill Sports Betting & iGaming ETF (BETZ)?
What is the primary focus of the Roundhill Sports Betting & iGaming ETF (BETZ)?
What index will BETZ track as of October 2, 2023?
Who manages the Roundhill Sports Betting & iGaming ETF?
What is the Morningstar® Sports Betting & iGaming Select IndexSM designed to do?
What type of companies are included in the BETZ ETF?
What are some risks associated with investing in BETZ?
Who distributes the Roundhill Sports Betting & iGaming ETF?
How can potential investors learn more about BETZ?
What changes were announced on September 18, 2023, regarding BETZ?
What is the significance of the new index for BETZ?
