Canada’s first blockchain exchange-traded fund (ETF) is almost there

The Ontario Securities Commission has approved of Harvest Portfolios’ plan to launch the country’s first blockchain ETF, appropriately titled Blockchain Technologies ETF.
You will find the fund trading next week on the Toronto Stock Exchange.
This is huge news when you think about it for 1 second...

Both First Trust Portfolios Canada and Evolve Funds Group Inc. are looking to get in , having already presented their preliminary prospectuses with Canadian regulators earlier this week.

Karl Cheong, head of ETFs for First Trust Portfolios Canada, thinks blockchain technology is undoubtedly the future—despite Bitcoin’s dramatic drop in price this week—telling The Globe and Mail:Every conversation we are having with clients—regardless if we are talking about a Canadian equities product or a U.S equity product—inevitability leads to [a discussion about] blockchain or bitcoin[…]The concept of blockchain is very attractive to investors right now, and while the idea is still very novel, the research shows that this is a technology that could potentially save billions of dollars in cost, and that is very attractive.

I think he is 100% right ! Blockchain can save time/money for both sides buyer and seller.

Evolve Funds is also in the race to get their ticker on trading screens, in an attempt to be the country’s first actively-managed blockchain fund.

Raj Lala, president and chief executive officer of Evolve, say the blockchain’s has revolutionary potential, stating:

Blockchain technology is poised to disrupt virtually every business and industry, including financial services, real estate, health care and government. Currently, at the base of every digital currency, many compare blockchain to the second coming of the Internet. I believe we are Canada’s first actively-managed blockchain ETF, which will allow us to be nimble and potentially capitalize on emerging opportunities.

LINK’s management fee will be 0.75 percent.

I am from Canada Québec and when I saw the news I jumped it!
Tell me what you think about it .