Block Chain word with icons as vector illustration

Oakville, Ont.-based Harvest Portfolios Group Inc. and Toronto-based Evolve Funds Group Inc. have each announced plans to launch a Canadian blockchain ETF.

Harvest and Evolve have filed a final prospectus and preliminary prospectus, respectively, with Canadian securities regulators.

Both Harvest’s Blockchain Technologies ETF and Evolve Blockchain ETF are designed to give Canadian investors access to the developing distributed ledger technology sector.

Specifically, Harvest’s Blockchain Technologies ETF aims to replicate the performance of the Harvest blockchain technologies index. The fund will invest in equity securities of issuers exposed to the development and implementation of blockchain and distributed ledger technologies.

Upon fulfilling all the listing requirements, the ETF will be listed on the Toronto Stock Exchange.

Evolve Blockchain ETF is designed to provide Canadian investors with an actively managed portfolio of equity securities of companies that are involved in the development and use of blockchain applications and other distributed ledger technologies, including technology hardware.

“Blockchain technology is poised to disrupt virtually every business and industry,” says Raj Lala, president and CEO of Evolve, in a statement. “Currently, at the base of every digital currency, many compare blockchain to the second coming of the internet.”