Sports betting ETF BETZ shows strong correlation and leads bitcoin price trends by weeks.

The Roundhill Sports Betting & iGaming ETF (BETZ) has exhibited a strong positive correlation with bitcoin, with a 365-day correlation coefficient of 0.91. Notably, BETZ tends to peak and bottom weeks before bitcoin, suggesting it may act as an early indicator for bitcoin market turns. This pattern, observed since 2020, supports the view of bitcoin as a risk-sensitive macro asset rather than a safe haven. Traders may consider BETZ a complementary sentiment and liquidity proxy, though recent decoupling from bitcoin prices signals caution in relying on this relationship alone.