Roundhill Magnificent Seven ETF 

MAGS Price

What is the Roundhill Magnificent Seven ETF (MAGS)?

Roundhill Magnificent Seven ETF (MAGS) gives traders concentrated exposure to the seven largest US technology stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — in a single exchange-listed fund. MAGS launched on April 11, 2023 as Roundhill BIG Tech ETF (BIGT) and was renamed on November 9, 2023. For crypto traders, MAGS is reachable through a Hyperliquid perpetual — on-chain price exposure to the Mag 7 basket without leaving a DEX.

Which stocks does the MAGS ETF hold?

The MAGS portfolio holds exactly seven mega-cap technology stocks: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. The fund rebalances to equal weight quarterly, so each name contributes roughly one-seventh of the portfolio regardless of market-cap differences. Equal weighting distinguishes MAGS from cap-weighted tech indices, where the largest names dominate. Concentration cuts both ways: with seven holdings, fund performance depends entirely on a handful of mega-caps.

How does the Roundhill Magnificent Seven ETF work?

Roundhill Financial manages MAGS as an actively managed US ETF, not a passive index tracker. The fund uses total return swaps to comply with RIC diversification tests required of registered investment companies. The gross expense ratio is 0.30%. MAGS is listed on Cboe BZX, having moved from Nasdaq effective February 3, 2025.

Where can crypto traders gain exposure to MAGS on Hyperliquid?

Crypto-market exposure to MAGS runs through a perpetual contract, not a tokenized share. Per DropsTab data, the crypto venue listed for MAGS is a Hyperliquid (Futures) USD-margined perpetual — pair XYZ:MAGS-USD — launched via Trade[XYZ] with up to 10x leverage and 24/7 trading. Hyperliquid is the sole crypto venue tracked, so crypto-market MAGS exposure depends entirely on one perpetual market — a liquidity concentration risk in its own right.

Is the Hyperliquid MAGS perpetual the same as owning MAGS shares?

The Hyperliquid MAGS perpetual is a derivative referencing the ETF — not a security wrapper and not share ownership. The perpetual carries no wrapper issuer and no on-chain custody of shares. MAGS itself is a registered US '40 Act' ETF issued by Roundhill Financial Inc. and distributed by Foreside Fund Services. Tokenized MAGS wrappers issued by other providers exist as distinct instruments and should not be conflated with the perpetual.

Does the MAGS ETF have a fixed share supply?

MAGS has no fixed share supply and no on-chain contract — the fund is an ETF share class, not a blockchain token. The creation/redemption mechanism lets authorized participants mint and redeem shares continuously, so shares outstanding fluctuate with investor demand. Tokenomics concepts such as maximum supply, vesting schedules or token burns do not apply to MAGS; the relevant risk is equity concentration in exactly seven stocks.