A third Canadian-listed exchange-traded fund specializing in blockchain technologies opened for trading today with the launch of First Trust Indxx Innovative Transaction and Process (symbol: BLCK) on the Toronto Stock Exchange.
Sponsored by Toronto-based First Trust Portfolios Canada, the ETF's strategy is to substantially replicate the performance of the Indxx Blockchain Index. This index was created by Indxx LLC and licensed to the U.S.-listed First Trust Indxx Innovative Transaction & Process (LEGR), which began trading on Jan. 25.
The new TSX-listed ETF will carry out its strategy by investing in units of the similarly named U.S. ETF, which is managed by an affiliate of First Trust Portfolios Canada.