It's a stock based ETF on companies with exposure in the space so it changes nothing really, but perhaps it's a tiny step to a true crypto ETF.
I think anyone putting money into 'blockchain' companies is fucking nuts. Every single one will fail miserably. We're 5-10 years minimum away from any company involved actually making money outside of exchanges or gambling. Most people still don't know what use blockchains have beyond coins.
Topic: Canada approves countries first blockchain etf (Read 140 times)
The fund will invest "in equity securities of issuers exposed, directly or indirectly to the development and implementation of blockchain and distributed ledger technologies," a Harvest Portfolios statement said. The company intends for the ETF to track blockchain technology projects, mirroring its Harvest Blockchain Technologies Index.
This is definetely a positive news but remember that cryptocurrencies are not totaly the same as the blockchain. Many traditional financers that accept blockchain technologies as a trchnological breakthrough still think that Bitcoin is a fraud. I think that the fact that this ETF will be traded on Toronto Stock Exchange and not on the crypto exchange leads us more to the real economy. Maybe there is a chance that blockchain related assets will be traded more to the fiat then to crypto.
Will US, world soon follow.
Will this help give bitcoin some much needed momentum
https://www.coindesk.com/canada-approves-countrys-first-blockchain-etf/?utm_content=buffer07cf4&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
Will this help give bitcoin some much needed momentum
https://www.coindesk.com/canada-approves-countrys-first-blockchain-etf/?utm_content=buffer07cf4&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
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