Canada launches first Blockchain ETF amid Bitcoin crash

Harvest Portfolio just received approval for the first CANADIAN blockchain exchange-traded fund (ETF) which is set to launch on the Toronto Stock Exchange next week.



The firm filed the paperwork for its Blockchain Technologies ETF in January and Harvest Portfolio said the fund will invest “in equity securities of issuers exposed, directly or indirectly to the development and implementation of blockchain and distributed ledger technologies”.


Full story: –ETF – Toronto Stock Exchange, Harvest Portfolio

The filing and approval come after a torrid month for Bitcoin investors and prominent economists also saying that Blockchain, the distributed ledger that underpins Bitcoin is overhyped.


Bitcoin and blockchain business have also seen some of their banking facilities curtailed and last week JP Morgan and some other prominent US banks announced that they would ban credit card payments for cryptocurrencies.


The ETF approval is some welcome good news for Bitcoin Believers.



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