Sports betting exchange-traded fund bolsters portfolio with Bally’s and FDJ
BETZ, the sports betting and egaming exchange-traded fund (ETF) launched by Roundhill Investments, has welcomed four new holdings.
The ETF has recorded an 86.7% increase in market price since launching in June 2020 when it went live on the New York Stock Exchange.
Genius Sports Group’s SPAC partner, dMY Technology II, has been added to the fund ahead of the launch of its £1.1bn IPO, making it the only SPAC to feature in the fund.
Casino operator Bally’s, which is set to make its foray into sports betting after acquiring Bet.Works in a $125m deal, has also been added to BETZ.
DMY Technology II and Bally’s now account for 2.22% and 1.75% of the total weight of the fund, respectively.
The New York-based investment firm has also added French operator Française des Jeux, as well as Bragg Gaming Group, which is set to step up to the Toronto Stock Exchange on 27 January.
Française des Jeux and Bragg Gaming represent 1.93% and 1.38% of the ETF, respectively.
All four new additions join major, publicly listed operators and suppliers in the BETZ fund, including DraftKings, Flutter Entertainment, Entain and Evolution.
BETZ was trading at $29.47 this morning, up 2.43%m after closing at $28.77 yesterday.