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Evolve ETFs files preliminary prospectus for actively managed blockchain ETF

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Evolve Funds Group (Evolve ETFs) has filed a preliminary prospectus with the Canadian securities regulators for an actively managed ETF that focuses on blockchain technologies: Evolve Blockchain ETF (LINK). 

LINK is designed to provide Canadian investors with an actively managed portfolio of equity securities that are involved in the development and utilisation of blockchain and other distributed ledger technologies.
 
“Blockchain technology is poised to disrupt virtually every business and industry,” says Raj Lala, President and CEO of Evolve ETFs. “Currently, at the base of every digital currency, many compare blockchain to the second coming of the internet. To our knowledge, this will be Canada’s first actively managed Blockchain ETF. Active management will allow us to be nimble and potentially capitalise on emerging opportunities in the industry.”
 
LINK actively invests in equity securities of issuers that are involved in the research, development, or utilization of blockchain technologies, or involved in the supply chain for blockchain applications including technology hardware.  Evolve ETFs, a registered investment fund manager and portfolio manager, will act as promoter, manager, trustee and portfolio manager of LINK and will be responsible for the administration of LINK.

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