Coinsquare Lists Blockchain ETF On Toronto Stock Exchange

Coinsquare Lists Blockchain ETF On Toronto Stock Exchange

Coin Capital Investment Management Inc. (Coincapital), the portfolio management division of the Coinsquare digital asset trading platform, has listed a blockchain exchange traded fund (ETF), the STOXX Blockchain Patents Innovation Index Fund (LDGR), among two new ETFs the company has listed on the Toronto Stock Exchange. Coincapital, which is registered with the Ontario Securities Commission, has become Canada’s newest ETF provider following the introduction of the LDGR and the STOXX B.R.AI.N. Index Fund (THNK), the company’s first ETFs.

The LDGR and THNK ETFs were scheduled to commence trading on the Toronto Stock Exchange this morning.

ETF Taps Artificial Intelligence

LDGR, Coincapital’s first ETF, invests in global equity securities of companies that are investing in blockchain technologies. Coincapital uses a proprietary artificial intelligence (AI) algorithm to identify companies for the fund.

The selection is based primarily on blockchain intellectual property patent filings, which enables the fund to identify blockchain adopters and innovators. The selections also make use of the iSTOXX Yewno Developed Markets Blockchain Index.

THNK, the second ETF, invests in equity securities of companies focused on AI, nanotechnology, robotics and biotechnology. The main consideration is the company must generate half of its revenues from the aggregate of the B.R.A.I.N sectors. The fund also makes use of the iSTOXX Developed Markets B.R.A.I.N Index.

Also read: Toronto Stock Exchange adds a newe blockchain ETF

Canadians Technology Savvy

“Canadians know technologies like artificial intelligence and the blockchain are going to change the way we live and work, but it can be difficult to access high quality investments in these sectors without deep domain expertise,” Lewis Bateman, Coincapital CEO, said in a prepared statement. “We’re doing the work for investors, using our in-depth industry knowledge to provide Canadians with an innovative suite of investment options that help them invest in new technology even if they’re not an expert.”

The LDGR is not the first blockchain ETF to be listed in Canada.

Horizons ETFs Management Canada Inc introduced the Horizons Blockchain Technology and Hardware Index ETF earlier this year. The ETF backs companies such as Hive Blockchain Technologies Ltd, Nvidia Corp, Digital Realty Trust Inc. which develop blockchain hardware and services.

• Join CCN's crypto community for $9.99 per month, click here.
• Want exclusive analysis and crypto insights from Hacked.com? Click here.
• Open Positions at CCN: Full Time and Part Time Journalists Wanted.
22.09.2018 / 01:00 43
Ontario Securities Commission Approves Bitcoin Mutual Fund Ontario Securities Commission Approves
While the U.S. Securities and Exchange Commission continues to contemplate whether or not to approve a Bitcoin exchange-traded fund (ETF), Canada has
Canadian Crypto Exchange Coinsquare Expanding Into European Market Canadian Crypto Exchange Coinsquare
One of Canada’s largest cryptocurrency exchanges, Coinsquare, is expanding into the European market. This is the exchange’s first international
Canada’s Biggest Crypto Exchange Moves to Europe, With Ripple-to-Fiat Support Canada’s Biggest Crypto Exchange Moves
Coinsquare, a little-known Canadian crypto exchange, is entering the European market to help businesses in the flowering industry with fiat pairs,
Canadian Cryptocurrency Exchange Coinsquare Plots Asian Expansion Canadian Cryptocurrency Exchange
Canada-based cryptocurrency exchange Coinsquare is plotting a major expansion into Japan as it prepares to go public later this year. The exchange,
Toronto Stock Exchange Adds a New Blockchain ETF Toronto Stock Exchange Adds a New
Starting today, The Toronto Stock Exchange will list a new blockchain based ETF on their platform. ETF, which stands for ‘Exchange traded fund’ is “a
Toronto Stock Exchange Operator to Launch Cryptocurrency Brokerage Platform Toronto Stock Exchange Operator to
A wholly-owned subsidiary of Canada-based stock exchange operator TMX Group has announced that it will launch a cryptocurrency brokerage platform.
Comments (0)
Add a comment
Comment on