[image credit : BITKRAFT Esports Ventures]
BITKRAFT Esports Ventures has partnered with Roundhill Investments to create an esports-centric exchange-traded fund (ETF), which tracks a variety of industry-related companies for its investors.
The Roundhill BITKRAFT Esports Index portfolio currently includes 25 companies that are part of the esports and digital entertainment industry, including game publishers/league operators such as Activision Blizzard, Tencent , and Ubisoft; hardware makers such as Nvidia and Turtle Beach ; and media/streaming companies such as Modern Times Group and Huya Inc .
Roundhill originally established the Roundhill Global Esports Index on December 31, 2018, and renamed it the Roundhill BITKRAFT Esports Index on May 15. Tracking this index is the Roundhill BITKRAFT Esports & Digital Entertainment ETF—also known as the NERD ETF—which launches today on the NYSE Arca, and allows investors to purchase shares in the fund.
On May 17, Roundhill Financial, the company behind Roundhill Investments filed a Form D with the SEC. According to the filing, the company has raised $1.25M USD so far in its latest investment round and likely includes the investment made by BITKRAFT Esports Ventures.