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Canadian Exchange Coinsquare Launches Blockchain ETF on Toronto Stock Exchange

Sep 23, 2018, 7:46AM
1 min, 29 sec READ

The new ETFs aim to provide investors with exposure to equities involved in the blockchain sector in addition to cutting-edge technologies.

Coinsquare, a major digital asset exchange based in Canada, has announced the launch of two new exchange-traded funds, the Coincapital STOXX blockchain Patents Innovation Index (LDGR) and the Coincapital STOXX B.R.A.I.N Index Fund (THNK). Both securities were developed through Coinsquare's subsidiary, Coin Capital Investment Management, and they began trading on the Toronto Stock exchange this Thursday. 

The new ETFs aim to provide investors with exposure to equities involved in the blockchain sector in addition to cutting-edge technologies such as biotech, robotics, artificial intelligence, and nanotechnology. 

LDGR is based on the Yewno Developed Markets Blockchain Index, and its portfolio includes Mastercard Inc., Johnson Controls PLC, and Royal Bank of Canada. THNK is based on the Developed Markets B.R.A.I.N Index, and its holdings include popular names like Facebook, Nvidia Corp, and Intel. 

According to Lewis Bateman, the chief executive at Coin Capital, 

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.

Coinsquare's new funds will be followed by First Trust Indxx Innovative Transaction $ Process ETF, Evolve Blockchain ETF, and Horizons Blockchain Technology & Hardware Index. All of these ETFs are scheduled to launch later this year. It is important to note that while all of these securities are related to the blockchain sector, they are not based on any particular cryptocurrency. ETFs-based directly on the price action of Bitcoin and other major cryptocurrencies have not yet been approved in North America. 

Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.