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Sports Betting ETF Adds 4 New Components, Including Another SPAC

Sports Betting ETF Adds 4 New Components, Including Another SPAC
On Friday, the Roundhill Sports Betting & iGaming ETF (NYSE:BETZ), the first exchange traded fund of its kind, made room for four new holdings.

What Happened: With special purpose acquisition companies all the rage after captivating the investment community in 2020, perhaps the most notable addition to the BETZ roster is dMY Technology Group II (NYSE:DMYD).

That blank-check firm already has a target: sports betting data provider Genius Sports Group. The deal was announced in October.

Currently, dMY II is the only SPAC found in BETZ, but the ETF has a history of adding blank-check companies. Four other BETZ holdings — Rush Street Interactive (NYSE:RSI), DraftKings (NASDAQ:DKNG), Golden Nugget Online Gaming (NASDAQ:GNOG) and Skillz (NYSE:SKLZ) — were born out of SPAC mergers.

Why It's Important: Bally's Corp. (NYSE:BALY) is another new addition to the BETZ lineup. That stock accounts for nearly 2% of the ETF's weight.
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