Cryptocurrencies
Horizons Is Launching a Blockchain ETF
- Fund offers exposure to blockchain infrastructure, services
- Holdings include Hive, Nvidia, Intel, Advanced Micro Devices
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A new blockchain ETF will begin trading Thursday on the Toronto Stock Exchange, offering exposure to the infrastructure behind the disruptive technology.
The Horizons Blockchain Technology and Hardware Index ETF joins similar exchange-traded funds from Harvest Portfolio Group Inc. and Evolve Funds Group Inc., both of which have lost more than 20 percent since they launched this year. The Horizons fund will differentiate itself by focusing on hardware and services, said Steve Hawkins, co-chief executive officer of Horizons ETFs Management Canada Inc.