Talking Sports Betting And Dave Portnoy With BETZ ETF Founders – Benzinga

Roundhill Investment founders Tim Maloney and Will Hershey recently sized up the sports betting market.

BETZ ETF: The Roundhill Sports Betting & iGaming ETF (NYSE: BETZ) currently holds 37 different stocks. PointsBet, William Hill, DraftKings Inc. (NASDAQ: DKNG) and Penn National Gaming (NASDAQ: PENN) are the largest holdings in the ETF.

“Our rules do allow for that if a pure-play sports betting company becomes public,” Maloney said in an email when asked if they would add new stocks. The next rebalancing will take place in mid-October.

“It may not be for everyone, but if you’re excited about the prospects for legal sports betting in the US and around the world, then I think BETZ is at the very least worth a look, but do your own research,” Maloney said.

The ETF is up 23% in its first 13 weeks of trading. The duo behind this ETF also are the founders of the Roundhill BITKRAFT eSports & Digital Entertainment ETF (NYSE: NERD), which has $44 million in AUM and is up 54% year to date.

Hitting $100 Million: The ETF recently passed $100 million in assets under management.

“A thematic ETF hitting $100 million in a matter of months is, let’s just say, uncommon,” Maloney said. He noted the fund saw “material inflows in the week following launch,” which he noted was when all four of the big professional sports leagues had no games.

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