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.
Coin Capital Investment Management Inc. (Coincapital), the portfolio management division of the Coin square 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.
ETF taps for Artificial Intelligence, 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.
Lewis Bateman, Coincapital CEO, said “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,” “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.
The ETF backs companies such as Hive Blockchain Technologies Ltd, Nvidia Corp, Digital Realty Trust Inc. which develop blockchain hardware and services.