Harvest Portfolios Group Inc., founded in 2009 with the vision of providing Canadian investors with access to investment products that generate steady long term income, has reported on January 1 of 2018 that Ontario Securities Commission had approved its exchange traded fund managed with the blockchain technology.
Blockchain Technologies ETF (HBLK) will be Canada's first blockchain exchange traded fund. As it is reported by Harvest Portfolios Group, this ETF is designed to provide Canadian investors access to the developing blockchain technology sector. Moreover, HBLK will be listed on the Toronto Stock Exchange next week.
HBLK seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Harvest Blockchain Technologies Index. HBLK invests in equity securities of issuers exposed, directly or indirectly, to the development and implementation of blockchain and distributed ledger technologies.
Harvest Portfolios Group Statement
What is more, Harvest stated that it will act as promoter, trustee, manager and portfolio manager of HBLK and will be responsible for the administration of the Blockchain Technologies ETF.