Summary
- Roundhill Investments filed paperwork listing May 5 as the effective date for its prediction-market ETF.
- The ETF is tied to the balance of power in the US Congress, with returns determined by the odds of Democrats or Republicans controlling the House and Senate.
- Bitwise and GraniteShares are also preparing similar prediction-market ETFs.
Forecast Trend Report by Period
A prediction-market exchange-traded fund could debut as soon as next week.
Roundhill Investments has filed paperwork listing May 5 as the effective date for a prediction-market ETF, according to Bloomberg ETF analyst James Seyffart on April 28.
The fund would be tied to the balance of power in the US Congress. Its returns would depend on the odds of Democrats or Republicans controlling the House and Senate.
Other asset managers are also preparing similar products. Bitwise and GraniteShares could launch comparable prediction-market ETFs around the same time. Bitwise filed for a related product in February, raising the possibility that the launch timelines could overlap.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
