Coinsquare, a major digital asset exchange based in Canada, launches two new exchange-traded funds coined as Coincapital STOXX blockchain Patents Innovation Index (LDGR) and the Coincapital STOXX B.R.A.I.N Index Fund (THNK). Both the Blockchain ETF’s has begun trading on the Toronto Stock exchange on Thursday, 20th September and is developed through Coinsquare’s subsidiary, Coin Capital Investment Management.
The newly launched securities are aimed at providing investors with exposure to equities involved in the blockchain sector along with other cutting-edge technologies such as robotics, artificial intelligence, biotech, 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. Lewis Bateman, the chief executive at Coin Capital 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.
The new funds by Coinsquare will be followed by First Trust Indxx Innovative Transaction $ Process ETF, Evolve Blockchain ETF, and Horizons Blockchain Technology & Hardware Index. All the aforementioned ETFs are scheduled for later this year. Notably, all these securities are related to blockchain sector but are not based on any particular cryptocurrency.
While Toronto Stock Exchange enjoys a variety of blockchain products, North America is still looking out for the Bitcoin ETF approval.