Evolve Funds Group has filed a final prospectus to launch the Evolve Blockchain ETF (LINK), Canada’s first actively-managed blockchain exchange traded fund.
Units of LINK have been conditionally approved for listing on the Toronto Stock Exchange (TSX) to begin trading on 6 March, 2018, under the ticker symbol LINK.
LINK seeks to maximise total return by actively investing primarily in equity securities of issuers whose principal business is the research, development, use or supply of blockchain technologies and applications, including technology hardware.
“This Blockchain ETF is another illustration of Evolve’s commitment to bringing innovative products surrounding long-term investment trends to Canadians,” says Raj Lala, President & CEO of Evolve ETFs. “Blockchain has the potential to transform business models with endless commercial applications. The benefits can apply to many sectors, from financial services and mining to the global food industry. Active management in LINK allows us to be nimble and to potentially capitalize on these emerging opportunities.”
LINK invests in equity securities of domestic and foreign publicly listed issuers, and other companies, that are developing or utilising blockchain-based and other distributed ledger technologies. Generally, these equity securities are issued by small and large-cap companies across a wide variety of industries, such as technology, financial services, communications or consumer products, among others, and whose business activities also involve the research, development, utilisation and funding of transformational digital ledger technologies.
LINK will close the initial offering of units to its designated broker by the close of business on 5 March, 2018, prior to its initial listing of units on the TSX on 6 March, 2018.