Canadian firm First Block Capital Inc. announced that its FBC Bitcoin Trust has \u201cachieved mutual fund trust status,\u201d meaning the funds can be placed in Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSP). In its press release, First Block said the fund would allow \u201cqualified investors\u201d to have exposure to BTC \u201cwithout having to acquire, store or manage the underlying .\u201d The shares are said to be eligible as mutual funds under Canada\u2019s Tax Act, with over 150 shareholders within a year of the fund\u2019s launch. First Block CIO Marc van der Chijs said, \u201cOur goal is to make investments in the digital currency asset class more accessible and we are one step closer to achieving this goal by allowing unit holders to place units in government sponsored tax efficient vehicles.\u201d The shares can be purchased through the NEO Connect platform. In 2017, the fund had a peak of $30.3 million in assets managed, which has gone down to about $15.2 million. First Block CEO Sean Clark said, \u201cThe price of is still going up, year over year. The price spike in December was from a lot of speculation and the market getting ahead of itself. Now that it has settled down, now is the time to enter the market.\u201d The company is also preparing an exchange-traded fund (ETF), supposedly launching this month, pending regulatory approval. The FBC Digital Ledger Technology Adopters ETF will be a mix of exposure in cryptocurrency assets and stocks. Chief Operating Officer Bill Stormont, in a The Globe and Mail article, said roughly 75% of the fund will be invested in blue-chip companies, with the remaining quarter invested \u201cin higher-risk developers and cryptocurrency miners.\u201d \u201cWe\u2019re really looking at companies that are household names\u2014IBM, Maersk, Amazon\u2014all of these big companies which are using blockchain to enhance their business,\u201d Stormont said. The Canadian government has announced that it would be postponing the release of new regulations related to cryptocurrencies and blockchain, to late 2019. Blockchain Association of Canada Executive Director Kyle Kemper said this meant \u201cthe government is committed to an innovation agenda and sometimes... it may be best to observe and intervene as little as possible.\u201d But Blockchain Research Institute\u2019s Cole Diamond said it was better to arrive at legal clarity on cryptocurrencies at an earlier time. Because of its relatively low energy consumption costs, Canada has become a destination for cryptocurrency miners, including DMG Blockchain Solutions, which last July announced the setting up of a substation with a total capacity of 85 megawatts.