NEW YORK, March 16, 2021 /PRNewswire/ -- Roundhill Investments, an ETF sponsor focused on offering innovative thematic funds, is pleased to announce that BETZ - The Sports Betting and iGaming ETF has surpassed $500 million in assets under management. The milestone comes less than a year after the fund's launch.
"Online sports betting and iGaming has seen accelerated growth during the pandemic. We expect growth to continue as regulatory momentum persists in the United States, Canada, and Latin America," said Roundhill's Will Hershey.
Roundhill is planning to launch the Roundhill Pro Sports ETF (NYSE: MVP) tomorrow, which will be the first ever fund to focus on investing in professional sports teams and professional sports leagues. The fund will also allocate capital to sports media and apparel companies.
"We believe there are powerful tailwinds emerging for professional sports including (1) fans returning to stadiums post-pandemic (2) the growth in pro sports media rights contracts (3) the status of pro sports teams as scarce, premium assets with a strong track record of value appreciation. We are excited to introduce MVP to the market tomorrow," said Roundhill's Matias Dorta.
To learn more about Roundill ETFs, please visit roundhillinvestments.com/etf.
About Roundhill Investments
Roundhill Investments is a registered investment adviser and ETF sponsor focused on thematic and sector-specific investing. We create thoughtful investment products designed to help investors express their vision of the future. To learn more about the company, please visit roundhillinvestments.com.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about Roundhill ETFs please visit the website at https://www.roundhillinvestments.com/etf. Read the prospectus or summary prospectus carefully before investing.
Investing involves risk, including possible loss of principal. The Roundhill Streaming Services & Technology ETF is effective, but is not yet trading.
Shares are bought and sold at market price not net asset value (NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Roundhill Financial Inc serves as the investment advisor. The Funds are distributed by Foreside Fund Services, LLC which is not affiliated with Roundhill Financial Inc, U.S. Bank or any of their affiliates.
SOURCE Roundhill Investments