Roundhill Investments files for six ETFs tracking U.S. election outcomes via yes/no contracts, bridging political betting with mainstream finance. Funds roll over after each election cycle.
Beyond IBIT, the NYSE-listed BETZ ETF has shown strong correlation with bitcoin since 2020, with major tops and bottoms often appearing weeks or months before BTC.
Roundhill Sports Betting & iGaming ETF (BETZ) has posted a 365-day correlation of about 0.91 with Bitcoin, highlighting an unusually strong link. But recent market action suggests the relationship may be weakening, reducing BETZ’s usefulness as a signal for BTC moves.
Roundhill’s BETZ ETF has posted a 365-day correlation of 0.91 with Bitcoin, suggesting both assets are driven by similar risk-on and liquidity conditions. However, recent signs of decoupling indicate the relationship may not remain stable.
