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Toronto Stock Exchange Lists New Blockchain ETF

“Presently Horizons ETF is not looking to invest in $20 mln market cap companies due to the high related risk.”

It is reported that the Toronto Stock Exchange (TSX)  lists a new blockchain exchange traded fund (ETF) today, and the Horizons Blockchain Technology and Hardware Index ETF fund will join other ETFs from Harvest Portfolio Group Inc. and Evolve Funds Group Inc.

It is known that ETF is an open-ended fund that is traded on an exchange and is characterized by its variable fund share. Prices within the ETF will change over time  throughout the day as these ETFs are constantly bought or sold at the stock exchange. The report said that the new ETF’s holdings include some companies developing blockchain applications, such as Hive Blockchain Technologies Ltd., Nvidia Corp. and Digital Realty Trust Inc.

According to the report, the Horizons ETF, which will be traded under the symbol BKCH, is based on the Solactive Blockchain Technology and Hardware Index. Steven Hawkins, one of the representative of the ETF, said that presently the fund is not looking to invest in $20 mln market cap companies due to the high related risk.

Canada’s first ever blockchain-based ETF, which was initiated by Harvest Portfolios, received approval in February of this year. The fund reportedly focuses on large and small-scale blockchain corporations. According to Bloomberg, the Blockchain Technologies ETF from Harvest Portfolios has lost 25 percent since its launch and declined 17 percent from its issue price of C$10.

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