Crypto Exchange Coinsquare Subsidiary Launches Two ETFs On Canada’s TSXbr>
Toronto-based Coin Capital Investment Management (Coincapital) has announced two new exchange-traded funds (ETF) focused on blockchain and other innovative technologies.
Coin Capital Investment Management, the investment and portfolio management unit of Canadian crypto exchange Coinsquare, is dedicated to managing cryptocurrency investments. It has become the 30th ETF provider on the Toronto Stock Exchange (TSX) with the launch of its first two ETFs – the Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) and the Coincapital STOXX B.R.AI.N. Index Fund (THNK). Both ETFs began trading on the TSX following the opening of the market on Thursday.
LDGR invests in global equity securities of companies that are investing in the research and development of blockchain technologies, backed by a proprietary artificial intelligence (AI) algorithm to identify and select companies in the fund. It will track the iSTOXX Yewno Developed Markets Blockchain Index.
The second fund, THNK, provides investors with exposure to companies operating with four disruptive technologies, including AI, robotics, biotechnology, and nanotechnology. Based on the iSTOXX Developed Markets B.R.AI.N Index, the key criterion is that a company must generate 50% of revenues from the aggregate of the B.R.AI.N sectors.
Lewis Bateman, CEO of Coin Capital, said that Canadians know technologies like AI 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,” Bateman said.