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The Innovation Shares NextGen Protocol ETF (KOIN) was launched about 11 months ago on January 30, 2018. Since then, the ETF product has quickly gained the attention of a variety of investors who have collectively driven the assets under the management of the ETF to $10 million. The ETF has returned 7.44 percent to investors since its launch.

KOIN tracks the Innovation Labs Blockchain Innovators Index, which has provided 9.59 percent returns to investors over the past three months and 7.44 percent returns between its inception and September 30, 2018.

The index was created using a natural language processing algorithm that screens a global list of stocks that they believe have an economic interest (current as well as future) in blockchain technology.

Traditional analytical research may not find all the companies that are interested in blockchain, but NLP and textual analysis, coupled with artificial intelligence can help to find what otherwise would have been overlooked.

Matt Markiewicz, managing director of Innovation Shares, noted that blockchain innovations had gained more traction since the launch of KOIN. He said:

“This encouraging momentum can be seen across many industries including technology, financial services, energy, and transportation.”

With over $10 million under its belt, KOIN is investing in a diversified portfolio of equities in fifteen countries and twelve industries. The index it follows has four different categories to place stocks in, depending on their interaction and relation with blockchain technology.

The first category is Cryptocurrency as Payment and includes companies that accept digital coins as payments for the goods and services they offer. It could also include companies that are developing payment solutions on the blockchain.

The second category is Mining Enablers and includes companies that create equipment and/or tools that enable the creation of new blockchains. Companies that have blockchain mining as their main business are also a part of this category.

The third classification is Solutions Providers and includes companies that are Blockchain as Service providers who assist with creating and implementing blockchain applications.

The fourth category is Adopters, i.e., the companies that use blockchain technology in their processes. Their purpose can be to improve operational efficiencies, enhance their settlement processes or to improve data security or integrity and to improve the overall customer experience.

KOIN, an ETF That Tracks Blockchain Innovation, Now Holds Over $10 Million in Assets Under Management was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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