SCR - IBET to compete with BETZ as a new sports betting and gaming ETF

ETF Series Solutions intends to launch the iBET Sports Betting & Gaming ETF (IBET) according to a filing with the U.S. Securities and Exchange Commission. IBET aims to provide exposure to market participants investing in securities that are deeply engaged in sports betting or gaming activities. Per the prospectus, sports betting and gaming companies can include: “Operating casinos or racetracks; operating an online multiplayer video game competition platform; operating a mobile sports betting platform; owning real estate primarily used for gaming activities, operating online communities for gaming; and developing educational tools for online gaming.” Additionally, IBET will be actively managed, have an expense ratio of 0.79%, and trade on the NYSE. IBET also may invest in stocks of any market capitalization in both the U.S. and foreign nations. IBET will undoubtedly find themselves competing for market share against Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ). BETZ is a pureplay exchange traded

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IBET to compete with BETZ as a new sports betting and gaming ETF