New firm focusing on digital asset sector raises $20 million

Harvest Portfolios Group Inc. has filed a preliminary prospectus with Canadian securities regulators for Blockchain Technologies ETF, the Oakville, Ont.-based investment management company announced Friday evening.

The ETF is designed to provide Canadian investors access to the developing blockchain technology sector.

“Blockchain technology is creating revolutionary and disruptive change at many levels. During this nascent stage of development, blockchain technology is providing new opportunities for business, government and many other conduits of information and financial exchange,” says Michael Kovacs, president and CEO of Harvest, in a statement “[The ETF] provides a simple way for investors to participate in the growth of this fast developing sector.”

The planned ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Blockchain Technologies Index. It invests in equity securities of issuers exposed, directly or indirectly, to the development and implementation of blockchain and distributed ledger technologies.

The preliminary prospectus is still subject to completion or amendment, Harvest notes. A copy is available on SEDAR.

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