Second Generation of Gaming Equities- Sports Betting Exchange Traded Fund (ETF) Debuting in the Market


All signs of enthusiasm point that the next generation of gaming equities, sports betting exchange-traded fund (ETF), could soon come to the market.

ETF Series Solutions (ESS) is planning to file with the Securities and Exchange Commission (SEC) for its IBet Sports Betting & Gaming ETF. If the fund makes it to the market, it will have universal gaming selections.

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According to the filing plan, IBET selections will include casinos, racetracks, video games, mobile sports betting platforms, competitions platforms, own gaming venues, operating online gaming communities, and online gaming educational tools.

The prospectus is dated 27th August and contains ticker and expense ratio, further hinting that a second ETF could soon come to market. The fund is expected to trade on NASDAQ as IBET, with an annual fee of 0.79 percent.

IBET will not be the first iGaming and sports betting ETF, Roundhill Sports Betting & iGaming ETF (NYSEARCA: BETZ) launched in June 2020. Roundhill currently has $404 million in assets under management, making it among successful ETFs launched last year.

Roundhill debuted when many land-based casinos were closed due to the COVID-19 pandemic, thus fortifying the idea of online casinos investment. BETZ also launched soon after several iGaming and sports betting companies debuted in public space.

Roundhill thus was able to acclaim assets from investors. It was the only option in the space, as well as an alternative stock to gaming equities.

However, the forthcoming IBET and BETZ have some differences. First, IBET is an actively managed fund while BETZ follows Sports betting & iGaming Index. In that case, IBET annual fee will be pricier than BETZ, just like other active funds.