Meanwhile, esports and gaming stocks are pumping to record highs
ESPO and HERO are rising even though vaccines are coming
ESPO and HERO’s big esports bets proved strong in 2020
ETFs offer investors exposure to an underlying portfolio of stocks, and the total value of those assets mostly dictate their share prices.
They usually facilitate investment in an entire sector, with most of the ETFs on the market tied to an automated index of stocks, as is the case with both ESPO and HERO.
And so, the record highs enjoyed by both ETFs can be attributed to stellar performances from their largest bets, namely China’s Tencent, graphics guru NVIDIA, and Singaporean mobile prince Sea, which have returned 52%, 128%, and 390% year-to-date.
(If the visualization above doesn’t show, try reloading this page in your browser’s “Desktop Mode.”)
Together, they make up around 20% of the $1.17 billion in assets managed by both funds.
Enter Bitcoin
Still, no matter how hard gaming and esports ETFs might rally, they’re no match for Bitcoin.
Indeed, not only has BTC now outperformed both ESPO and HERO this year, but it’s returned significantly more since ESPO first launched back in 2018.
That wasn’t always the case. Back in October,Hard Fork reported both fundshad beaten Bitcoin over the year.
Well, that wasbeforeBTC pumped 80% in a few short weeks, from around $10,600 to $19,200 today.
What a differenceone bull runmakes.
None of this is investment advice, so don’t pretend it is. Don’t invest your money based on a single article on the internet. Do your own research.
Story byDavid Canellis
David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He’s currently on the finance beat.David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He’s currently on the finance beat.
Get the TNW newsletter
Get the most important tech news in your inbox each week.
