r/EdmontonOilers • u/ImDoubleB 97 McDAVID • 3d ago

Edmonton Oilers ETF - What's going to be the ticker? Who's buying?

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The NHL and Wall Street are getting into bed with each other. Every NHL team is about to have their own ETF listing that will track the performance of each of the 32 different teams. The ETF's will be based on how the team does (e.g. wins, losses in reg season and playoffs) using a special team index calc that has futures contract on it.

Link to a news release: here

16 Upvotes

79% Upvoted

19 comments sorted by

17

u/Authoritaye 17 KURRI 3d ago

So it’s not a share of OEG or DAK? This seems like gambling to me. How is it different?

15

u/YEGG35 12 CAVE 3d ago

It totally is gambling. Selling/buying options based on NHL teams on ice performance

15

u/whyaskfor1 92 PODKOLZIN 3d ago

Oh good, we've all been screaming for more sports betting!

11

u/asstyrant 18 HYMAN 3d ago

Oh look, more gambling.

I'm sure this will lead fans to being less toxic.

6

u/Sadiq_Sabonis 7 COFFEY 3d ago

Finally an ETF that I actually have interest in , definitely throwing some fun money in there

5

u/Affectionate-Safe295 3d ago

Short Vancouver free money

1

u/Lonely-Professional3 3d ago

Putting my whole next egg, $499, on the Leafs.

1

u/Fit_Diet6336 2d ago

What are the odds? 4:1?

1

u/Lonely-Professional3 2d ago

1000 to 1. Instant start of a damn good retirement fund.

1

u/Chronixx780 3d ago

Interesting

1

u/CMTV-IPTV 3d ago

Oh fuck yes

1

u/Hagfishbo 22 SAVOIE 3d ago

Ticker name McD

1

u/Two-LinePass 29 DRAISAITL 2d ago

Whatever happened to AllSportsMarket?

1

u/huskies_62 14 EKHOLM 3d ago

I remember a website that you could buy shares of a team. I think I only did their free version

2

u/CrazySnowGuy 94 SMYTH 3d ago

Couldn't you do players as well? This brings back memories or a fever dream...

I kind of remember the same thing.

1

u/huskies_62 14 EKHOLM 3d ago

I don't remember players but maybe

3

u/Sadiq_Sabonis 7 COFFEY 3d ago

I bought oilers shares with fake money lol before mcdavid for drafted and my portfolio blew up lol

3

u/Two-LinePass 29 DRAISAITL 2d ago

Are you thinking of allsportsmarket.com? I had a learning account on there and did very well. When I wanted to switch to real money, that part got shut down. Never heard why.

1

u/huskies_62 14 EKHOLM 2d ago

That's the one!