The thrill is gone when it comes to investor interest in the Roundhill Sports Betting & iGaming ETF (BETZ). This exchange-traded fund (ETF) debuted with some fanfare back in June 2020. You’ll recall that it was near the apex of the pandemic, when workers all around the planet were looking for something to do. So they gambled. A lot. And they still are.
Yet BETZ has spent most of 2026 stuck in the penalty box. Assets under management (AUM) now sit at under $50 million, after peaking at nearly 10x that figure.
