Evolve Files Preliminary Prospectus for Canada’s First E-Gaming ETF
E-sports fanatics may soon get the chance to invest in the first global E-Gaming exchange traded fund in Canada.
Evolve Funds Group Inc. filed a preliminary prospectus with the Canadian Securities, a registration statement filed prior to an Initial Public Offering, for their Evolve E-Gaming Index ETF (HERO).
Investors will get access to domestic and global publicly listed companies in the electronic gaming industry.
“There are over 300 million fans globally and growing, E-Sports leagues have created a professional gaming ecosystem comprised of sold-out arenas big-name sponsorship opportunities and streaming deals with tech giants like Amazon and Facebook,” states President and CEO of Evolve ETFs, Raj Lala.
A billion dollar industry
According to Statista, the global E-Sports market revenue is estimated to reach a high of $1.79 billion U.S. by 2022.
Currently, a majority of the market revenues come from sponsorship and advertising, the rest from E-Sports betting, merchandise and ticket sales.
In 2017, Asia brought in $406 million U.S., close to half of the global E-Sports market revenue. On the other hand, North America brought in $392 million U.S. , followed by the European market at $298 million U.S.
More about Investment News
BTV- Business Television’s Investment News is a weekly segment piece of market investor opportunities and announcements from small cap companies.