OAKVILLE, ONTARIO, Canada—After extensive internal testing, Harvest Portfolios reports it has received approval to issue Canada’s first ever blockchain-based Exchange Traded Fund (ETF).
The fund (ticker symbol HBLK), set to begin trading on the Toronto Stock Exchange this week, is focused on large and small-scale blockchain corporations, the company stated in a release.
Harvest Portfolios already has their Harvest Blockchain Technologies Index, designed to track the performance of issuers in both the large-cap and emerging blockchain segments, CoinTelegraph said.
“In contrast to the news coming from Canada, U.S. regulators have stated that such funds are not ready for regulation under U.S. law. Dalia Blass, director of the U.S. Securities and Exchange Commission’s (SEC) investment management group said that the SEC has ‘significant outstanding questions concerning how funds holding substantial amounts of cryptocurrencies and related products’ would satisfy legal requirements in the U.S.,” CoinTelegraph said.