There are 2.2 billion gamers worldwide, and nearly 20 percent watch esports. Evolve will launch its new esports ETF under the ticker HERO.
The esports industry has expanded to remarkable levels in recent years. With 75 percent of North American households having at least one gamer, there are 2.2 billion gamers worldwide.
A gamer is defined as someone who spends six or more hours playing video games a week.
In Canada, the esports industry is gaining further momentum. On May 16, Evolve ETFs announced that it will be launching Canada’s first esports ETF, with the ticker HERO, called the Evolve E-Gaming Index ETF.
The ETF will be a passive, index-based ETF and will be composed of companies that are categorized within this sector, including hardware companies, software companies and development companies that are focused on esports.