A subsidiary of Coinsquare has launched two blockchain-based exchange-traded funds (ETF) on the Toronto Stock Exchange (TSX). This announcement came after Coinsquare announced the trading of XRP on their exchange in July 2018. Also, CoinCapital Investment Management, owned by Coinsquare, became the 30th ETF operator.
On Thursday, September 20, CoinCapital listed their Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) on the TSX. Furthermore, they also listed another ETF named the CoinCapital STOXX B.R.AI.N. Index Fund (THNK).
CoinCapital Investment Management is Coinsquare’s market dealer, investment fund and portfolio managers. It was launched with an aim to help Canadians invest in emerging blockchain technologies.
What will LDGR do?
As CoinCapital’s aim, LDGR wants to help investors and traders interested in new, promising , emerging blockchain technologies. They will do it, giving investors a different way to invest, charging a meager 0.64% management fee.
Lewis Bateman, CEO of CoinCapital, stated “There is a strong appetite for investors to access growth in the technology sector, but not enough specialized or niche offerings available to them.“.
LDGR aims to provide global equity securities to groups that put up money in developing these aforementioned decentralized blockchain technologies.
Currently, LDGR is based on an ETF launched recently, iSTOXX Yewno Developed Markets Blockchain Index, which comprises of companies heavily investing in distributed ledger technologies (DLT) such as blockchain.
What will THNK do?
Also based on the iSTOXX Developed Markets B.R.AI.N Index, THNK will focus on investments concerning the 4 humongous trends of today’s tech world. The 4 megatrends are: Biotechnology, Robotics, Artificial Intelligence (AI) and Nanotechnology.
Bateman stated “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.“.
Furthermore, It will immensely help capitals to invest in quality firms focusing on these technologies, without having field expertise.