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Roundhill Investments has announced the closure and liquidation of two ETFs: the Roundhill Streaming Services & Technology ETF (SUBZ) and the Roundhill Pro Sports, Media & Apparel ETF (MVP). This decision follows an assessment of growth prospects and will take effect after business on April 8, 2022. By March 23, 2022, the Funds will liquidate their equity positions, and trading will cease on April 6, 2022. Shareholders must sell their shares by the deadline or face automatic redemption for cash at net asset value. Tax implications may apply.
Roundhill Investments announced a new brand ambassador program for its MVP - The Pro Sports ETF, enlisting collegiate athletes such as Frank Gore Jr. and Morgan Pankow. This initiative aims to leverage the recent name, image, and likeness (NIL) ruling, which allows college athletes to earn from their personal brand. The MVP ETF primarily invests in publicly traded professional sports teams and leagues, as well as sports media and apparel companies. Roundhill views NIL as a transformative opportunity for both the sports industry and collegiate athletics.
The Roundhill MVP ETF has officially changed its name to the Roundhill Pro, Sports, Media & Apparel ETF as of July 7, 2021. This renaming aligns with the fund's strategy to invest in companies within the professional sports ecosystem. Investors are encouraged to review the fund's investment objectives and risks before making decisions. For more information about the fund and access to the prospectus, visit roundhillinvestments.com/etf/mvp.
