Roundhill Investments has confirmed the launch of the Roundhill Sports Betting & iGaming ETF, described by the firm as the first exchange traded fund (ETF) that has been globally designed to track the online sports betting and online casino sector.
The news coincides with the one-year-anniversary of the launch of the company’s first foray into the sector, the Roundhill BITKRAFT Esports & Digital Entertainment ETF.
The new ETF’s holdings, as of June 3, include sportsbooks DraftKings (7.02%) and Flutter (6.53%); betting technology companies Kambi (4.78%) and GAN (5.79%); and Barstool Sports parent Penn National (4.16%).
According to the firm, the Roundhill Sports Betting & iGaming ETF is designed to offer retail and institutional investors exposure to sports betting and igaming industries by providing investment results that closely correspond, before fees and expenses, to the performance of the Roundhill Sports Betting & iGaming Index.
The index consists of a tiered weight portfolio of globally-listed companies who are actively involved in the sports betting and igaming industry. This classification includes companies that operate in-person and/or online sports books; companies that operate online/internet gambling platforms; and companies that provide infrastructure or technology to such firms.