The securities Commission of Ontario approved the first in Canada exchange-traded Fund (ETF) blockchain, which is scheduled to launch on the Toronto Stock exchange next week.
Harvest Portfolios, an independent investment management company in January filed a preliminary documentation of his Blockchain Technologies ETF (Ticker: HBLK), striving to provide canadian investors the opportunity to buy in the technology sector of the blockchain, according to the Globe and Mail.
The Fund will invest «in the joint securities of issuers that are directly or indirectly related to the development and implementation of the blockchain and distributed technologies register,» — said in a statement
Harvest Portfolios. The company intends to use ETF to track technological projects related bloccano and create a Harvest index the Blockchain Technologies Index.
According to the Globe and Mail, the other two canadian companies, First Trust Portfolios Canada and Evolve Funds Group, also try to launch ETF blockchain and this week filed its first prospectus for consideration by the regulators.
First Trust is already working in the U.S. market, offering its blockchain ETF under the Ticker symbol LEGR. According to representatives, the company plans to launch in Canada First Trust Indxx Innovative Transaction & Process ETF (Ticker: BLCK), created in the image Indxx Blockchain Index is the result of customer requests.
«Every conversation with clients — regardless of whether we’re talking about the canadian stock product or the us, inevitably leads to discussions about the blockchain or bitcoin,» said Karl Chong (Karl Cheong), head of ETFs at First Trust Portfolios Canada.
Funds Evolve claims that their proposed ETF of the blockchain, known as the LINK, will be the first «actively managed» Fund available to canadian investors. The product will be positioned by the company for «new opportunities in the industry.»
The Fund will invest in «joint securities issuers who participate in the research, development or use of technology of the blockchain, or in the supply chain for blockchain projects, including technological equipment,» — said in a statement
As we reported
earlier, the first ETF of the blockchain in the United States was launched on the Nasdaq and NYSE Arca last month.