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Illustration: Aïda Amer/Axios

Roundhill Investments is launching a new thematic ETF designed to give everyday investors exposure to the world of professional sports.

Details: The Roundhill MVP ETF (NYSE: MVP), which launches Wednesday, consists of teams like the Knicks (via shares in MSG), leagues like Formula One (via shares in Liberty Media) and brands like Nike and Adidas.

Top 10 holdings:

Courtesy: Roundhill Investments

The backdrop: This is Roundhill's fifth thematic ETF (i.e. a fund designed to tap into a chosen theme or industry), and it's their fourth with close ties to sports. The other three:

The big picture: Modern sports fandom increasingly has an investing feel, and it's never been easier for fans to place short- and long-term bets.

  • Short-term: Betting, fantasy sports
  • Long-term: Collectibles, sports-focused ETFs

The bottom line: If you think your team will win their next game, you can place a wager (short-term). If you think the sports industry has a bright future, you can invest in MVP (long-term).

Go deeper: Full list of MVP holdings

Go deeper

Updated 2 hours ago - World

Fatal stabbing of British MP David Amess declared a terrorist incident

Police outside Belfairs Methodist Church in Leigh-on-Sea, England, on Oct. 15. Photo: John Keeble/Getty Images

Authorities have declared the death of David Amess a terrorist incident, hours after the Conservative Party lawmaker in the U.K. was fatally stabbed while meeting with local constituents in a church in eastern England on Friday.

The big picture: The Metropolitan Police has found "a potential motivation linked to Islamist extremism."

Biden: DOJ should prosecute those who defy Jan. 6 subpoenas

President Biden speaks with reporters at Bradley International Airport in Windsor Locks, Connecticut. Photo: Brendan Smialowski/AFP via Getty Images

President Biden said Friday that the Justice Department should prosecute those who defy subpoenas from the Jan. 6 select committee.

Why it matters: The president's remarks come one day after Donald Trump ally Steve Bannon failed to show up for a deposition before the committee.

Updated 4 hours ago - Politics & Policy

Bill Clinton hospitalized for non-COVID-related infection

Former President Bill Clinton. Photo: Win McNamee/Pool/AFP via Getty Images

Former President Bill Clinton was admitted to the University of California, Irvine Medical Center on Tuesday for a non-COVID-related infection, his spokesperson Angel Ureña said Thursday.

The latest: In an update on Friday, Ureña said Clinton's health indicators are "trending in the right direction, including his white blood count which has decreased significantly."

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