比特币的上升超过100,00美元，而黑石进入该领域的兴起已引起了全球投资者的关注。

虽然挥发性资产的价格已经弹跳，但美国总统唐纳德·特朗普（Donald Trump）也获得了覆盖范围，后者已承诺对加密货币友好的改革进行

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.

该公司的顾问说，总部位于多伦多的理查森财富的一小部分客户持有加密资产，这不是该公司核心投资组合的一部分。

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.

尽管该公司的总裁加里·伯曼（Gary Berman）将比特币基金作为客户选择，因为第一批加密ETF产品于2021年初推出，但这并不是主要重点。

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

该公司发言人在回答电子邮件问题时说：“我们没有计划在短期内改变战略。”

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.

这家总部位于多伦多的公司为高净值客户提供了约400亿美元的资产，对其进行了全面的尽职调查，并在其架子上增加了大多数新产品。

“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.”

该公司说：“但是，凭借更复杂的资金和资产类别，即使发行人在我们的平台上有其他资金，我们也保留审查和阻止其销售的权利。” “在这一点上，从一般风险的角度来看，决定仅在此资产类别中接触ETF。”

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

大多数独立经销商不会公开解决加密货币，或者说他们是为客户提供加密资金的访问。

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个投资经销商允许其顾问出售CI Galaxy Crypto基金。该公司已与Galaxy Digital Capital Management合作提供加密ETF。它还具有区块链指数基金。

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的执行副总裁兼分销主管Jennifer Sinopoli表示，在新产品方面，公司有自己的评估过程。

“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.”

“他们都有自己的尽职调查流程，自身的风险评分流程以及自己的资源，以评估该产品在其架子上的适用性并被投资者提供。”

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，任何经CIRO许可的顾问都可以将客户投资于加密ETF，如果他们的公司允许的话，Sinopoli指出。 MFDA许可的顾问需要通过经销商设定的能力要求。

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.

蒙特利尔的加密货币和区块链专业律师事务所Renno＆Co。的合伙人诺亚·比利克（Noah Billick）说，即使他们的公司允许，许多顾问和投资组合经理也避免了加密货币。他的客户包括数字资产经理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.”

比利克说：“许多酌情投资组合经理不会碰到加密货币，不明白，不要相信它。” “它远非被广泛采用，但我认为它正在增长。越来越多的顾问开始至少在其中涉足。”

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户和知识的合规性要求外，一些公司还有一个非征服组成部分，除非客户启动讨论，否则除非客户启动讨论，否则除非客户启动讨论，否则无法与客户讨论数字资产。

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.

根据20023年中期的OSC员工通知，所有现有的加密ETF和共同基金都归类为替代共同基金。加拿大证券管理人员建议以相同的方式对所有新加密资金进行分类 - 该提案于1月18日发布，直到4月17日发表评论。

“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说：“在许多地方尚未获得批准或例外批准。”他指出，尽管客户无法通过其银行顾问购买加密货币资金，但投资者可以通过银行的折扣经纪人通过自定向的投资帐户来访问它。

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.

惠灵顿·阿尔特斯（Wellington-Altus）私人财富的首席市场策略师吉姆·索恩（Jim Thorne）表示，对新产品的恐惧使一些公司和顾问无法进入该领域。

“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.

他说：“这与1990年代完全相同，当时[零售]投资者在经纪人感到愿意将其引入其资产分配计划之前购买了微软，因为其机构和合规部门对新的创新产品的看法。”

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，安大略省证券委员会发布了一份员工通知，该通知概述了对公司进行更改注册以销售加密货币资金的期望。

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

但是比利克说，一些公司提供了它而没有注册。

“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.”

作为投资组合经理，我不一定认为我需要去监管机构获得许可，建议我的客户如果其他适合他们的价格，请购买少量的招股说明书资格的产品，Billick说，他被许可为2018年至2023年初的投资组合经理。”

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和目的投资的第一批比特币ETF开始在加拿大进行交易。

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

早些时候，3IQ的闭门比特币基金于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比特币ETF（TSX：BTC.B）和Exiper的比特币ETF（TSX：BTCC）得到了安大略省证券委员会的批准。

Harvest’

收成'