Canada approves countries first blockchain etf

[topper26]

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

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[Murloc]

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.

[gentlemand]

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.