The first-ever psychedelics ETF will launch next week, backed by a Canadian fund manager

The first-ever psychedelics ETF will begin trading on the Canadian NEO exchange next Wednesday, giving investors exposure to publicly-traded companies focused on the development of therapeutic solutions that utilize psychedelics. 

Canada-based Horizons ETF Management announced Friday that it filed its final prospectus to launch the Horizons Psychedelic Stock Index ETF (PSYK).

"PSYK will be the world's first exchange traded fund ("ETF") focused on the emerging psychedelics opportunity led by life science and pharmaceutical companies," Horizons ETFs said Friday.