比特幣的上升超過100,00美元，而黑石進入該領域的興起已引起了全球投資者的關注。

雖然揮發性資產的價格已經彈跳，但美國總統唐納德·特朗普（Donald Trump）也獲得了覆蓋範圍，後者已承諾對加密貨幣友好的改革進行

A small percentage of clients at Toronto-based Richardson Wealth hold crypto assets, and it’s not part of the firm’s core portfolio, an advisor at the firm says.

該公司的顧問說，總部位於多倫多的理查森財富的一小部分客戶持有加密資產，這不是該公司核心投資組合的一部分。

While the firm’s president, Gary Berman, has included bitcoin funds as an option for clients since the first crypto ETF products were rolled out in early 2021, it’s not a major focus.

儘管該公司的總裁加里·伯曼（Gary Berman）將比特幣基金作為客戶選擇，因為第一批加密ETF產品於2021年初推出，但這並不是主要重點。

“We have no plans to change our strategy in the near term,” a spokesperson for the firm said in response to emailed questions.

該公司發言人在回答電子郵件問題時說：“我們沒有計劃在短期內改變戰略。”

The Toronto-based firm, which manages about $40 billion in assets for high-net-worth clients, undertook a full due diligence review and added most new products to its shelf.

這家總部位於多倫多的公司為高淨值客戶提供了約400億美元的資產，對其進行了全面的盡職調查，並在其架子上增加了大多數新產品。

“But with more complex funds and asset classes, we reserve the right to review and block them from sale if we are uncomfortable with the associated risks, even if the issuer has other funds on our platform,” the firm said. “At this point, from a general risk perspective, the decision has been to only have exposure to ETFs in this asset class.”

該公司說：“但是，憑藉更複雜的資金和資產類別，即使發行人在我們的平台上有其他資金，我們也保留審查和阻止其銷售的權利。” “在這一點上，從一般風險的角度來看，決定僅在此資產類別中接觸ETF。”

Most independent dealers don’t address crypto publicly, or state whether they offer clients access to crypto funds.

大多數獨立經銷商不會公開解決加密貨幣，或者說他們是為客戶提供加密資金的訪問。

However, CI Global Asset Management says there are 16 investment dealers that allow their advisors to sell CI Galaxy crypto funds. The firm has partnered with Galaxy Digital Capital Management to offer crypto ETFs. It also has a blockchain index fund.

但是，CI Global Asset Management表示，有16個投資經銷商允許其顧問出售CI Galaxy Crypto基金。該公司已與Galaxy Digital Capital Management合作提供加密ETF。它還具有區塊鏈指數基金。

Firms have their own evaluation process when it comes to new products, said Jennifer Sinopoli, executive vice-president and head of distribution at CI Global Asset Management.

CI Global Asset Management的執行副總裁兼分銷主管Jennifer Sinopoli表示，在新產品方面，公司有自己的評估過程。

“They all have their own due diligence process, their own risk-rating process and their own resources [to] evaluate the suitability of that product being on their shelf and being made available to investors.”

“他們都有自己的盡職調查流程，自身的風險評分流程以及自己的資源，以評估該產品在其架子上的適用性並被投資者提供。”

Any CIRO-licensed advisor can invest clients in crypto ETFs — if their firm allows it, Sinopoli noted. MFDA-licensed advisors need to pass a proficiency requirement set by the dealer.

Sinopoli指出，任何經CIRO許可的顧問都可以將客戶投資於加密ETF，如果他們的公司允許的話，Sinopoli指出。 MFDA許可的顧問需要通過經銷商設定的能力要求。

Even if their firm allows it, many advisors and portfolio managers steer clear of crypto, said Noah Billick, a partner with crypto and blockchain specialty law firm Renno & Co. in Montreal, and director of regulatory, funds and compliance at the firm. His clients include digital asset manager 3iQ.

蒙特利爾的加密貨幣和區塊鏈專業律師事務所Renno＆Co。的合夥人諾亞·比利克（Noah Billick）說，即使他們的公司允許，許多顧問和投資組合經理也避免了加密貨幣。他的客戶包括數字資產經理3IQ。

“Many discretionary portfolio managers will not touch crypto, don’t understand it, don’t believe in it,” Billick said. “It’s still far from being widely adopted, but I think that it is growing. More and more advisors are starting to at least dabble in it.”

比利克說：“許多酌情投資組合經理不會碰到加密貨幣，不明白，不要相信它。” “它遠非被廣泛採用，但我認為它正在增長。越來越多的顧問開始至少在其中涉足。”

In addition to regular know-your-client and know-your-product compliance requirements, some firms have a non-solicitation component that precludes advisors from discussing digital assets with clients unless the client initiates the discussion.

除了定期了解自己的客戶和知識的合規性要求外，一些公司還有一個非征服組成部分，除非客戶啟動討論，否則除非客戶啟動討論，否則除非客戶啟動討論，否則無法與客戶討論數字資產。

According to an OSC staff notice in mid-2023, all existing crypto ETFs and mutual funds are classified as alternative mutual funds. The Canadian Securities Administrators has proposed to classify all new crypto funds in the same way — that proposal, released Jan. 18, is out for comment until April 17.

根據20023年中期的OSC員工通知，所有現有的加密ETF和共同基金都歸類為替代共同基金。加拿大證券管理人員建議以相同的方式對所有新加密資金進行分類 - 該提案於1月18日發布，直到4月17日發表評論。

“There are a lot of places where it just hasn’t been approved or it’s approved on an exception basis,” Billick said, noting that while clients can’t buy crypto funds through their bank advisor, investors can access it through self-directed investing accounts with the banks’ discount brokerages.

Billick說：“在許多地方尚未獲得批准或例外批准。”他指出，儘管客戶無法通過其銀行顧問購買加密貨幣資金，但投資者可以通過銀行的折扣經紀人通過自定向的投資帳戶來訪問它。

Fear of new products is holding back some firms and advisors from getting into the space, said Wellington-Altus Private Wealth’s chief market strategist, Jim Thorne.

惠靈頓·阿爾特斯（Wellington-Altus）私人財富的首席市場策略師吉姆·索恩（Jim Thorne）表示，對新產品的恐懼使一些公司和顧問無法進入該領域。

“This is exactly the same as the 1990s, when the [retail] investor bought Microsoft before the broker felt comfortable introducing it into their asset allocation program because of the view of new innovative products by their institution and the compliance department,” he said.

他說：“這與1990年代完全相同，當時[零售]投資者在經紀人感到願意將其引入其資產分配計劃之前購買了微軟，因為其機構和合規部門對新的創新產品的看法。”

In 2017, the Ontario Securities Commission published a staff notice that outlined the expectation for firms to register for a change of registration in order to sell crypto funds, Billick noted.

Billick指出，2017年，安大略省證券委員會發布了一份員工通知，該通知概述了對公司進行更改註冊以銷售加密貨幣資金的期望。

But Billick said some firms offer it without being registered to do so.

但是比利克說，一些公司提供了它而沒有註冊。

“As a portfolio manager myself, I would not have necessarily thought that I needed to go to the regulator to get their permission to advise my clients to buy a small amount of a prospectus-qualified product if it was otherwise suitable for them,” said Billick, who was licensed as a portfolio manager from 2018 to early 2023. “To me, that’s a strange thing.”

作為投資組合經理，我不一定認為我需要去監管機構獲得許可，建議我的客戶如果其他適合他們的價格，請購買少量的招股說明書資格的產品，Billick說，他被許可為2018年至2023年初的投資組合經理。”

At the start of 2021, the first bitcoin ETFs from Harvest Portfolios Group and Purpose Investments began trading in Canada.

在2021年初，Harvest Portfolios Group和目的投資的第一批比特幣ETF開始在加拿大進行交易。

Earlier, 3iQ's closed-end bitcoin fund was listed on the TSX in 2020.

早些時候，3IQ的閉門比特幣基金於2020年在TSX上列出。

Harvest’s iHarvest Bitcoin ETF (TSX: BTC.B) and Purpose’s Bitcoin ETF (TSX: BTCC) were approved by the Ontario Securities Commission.

Harvest的Iharvest比特幣ETF（TSX：BTC.B）和Exiper的比特幣ETF（TSX：BTCC）得到了安大略省證券委員會的批准。

Harvest’

收成'