A subsidiary of the Coinsquare exchange has launched two exchange traded funds (ETFs) on the Toronto Stock Exchange (TSX).
It was reported that Coin Capital Investment Management was the 30th ETF operator in Canada, with the launch of the Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) and Coincapital STOXX BRAI.N. Index Fund (THNK).
ETF trades began on Thursday, September 20, with a management fee of 0.64 percent from TSX, which is the 12th largest global stock exchange by market capitalization.
LDGR is a research-oriented ETF that intends to provide investors with global securities issued by companies investing in the development of blockchain technologies. ETF is based on the recently launched iSTOXX Yewno Developed Markets Blockchain Index, an index that reflects a large amount of data to discover companies that are focused on exploring distributed register technology (DLT).
The second of the launched ETFs, THNK, aims to ensure investment in global equity securities, concentrated on four megatrend technologies – bioengineering, robotics, artificial intelligence (AI) and nanotechnology – based on the BRAI.N iSTOXX Developed Markets index
Lewis Bateman, executive director of Coin Capital, who started work in July, argued that the recently issued funds would allow investors to access "high-quality investments" in the AI and Blockchain industries without "deep domain research."
Earlier this year, the Harvest Portfolios investment solution provider became Canada's first Blockchain-ETF (HBLK), which allowed customers to invest in securities targeting large and small-scale corporations based on Harvest Blockchain Technologies' own index.
Founded in 2014, the Coinsquare currency exchange from Toronto takes 69th place in accordance with the daily trading volume.
On August 23, Coinsquare announced plans to expand its business to the European market in the fourth quarter of 2018, seeking to provide an "adjustable, fully compliant trading platform" for trading crypto-currencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH ), Litecoin (LTC), Ripple (XRP), Dogecoin (DOGE) and Dash (DASH).
Author: Olga Novikova, analyst of Freedman Club Crypto News
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