Coin Capital Investment of Coinsquare Opens Two ETFs (STOXX LDGR and STOXX THNK) on TSX
Coin Capital Investment Management Launches Two ETFs in the Toronto Stock Exchange
The cryptocurrency market continues to evolve. This time, Coin Capital Investment management, also known as Coincapital, announced that it will be launching two exchange-traded funds (ETFs) on the Toronto Stock Exchange (TSX). Coincapital is an investment and portfolio management unit which is owned by Coinsquare. The information has been released in a Press Release on September 20.
The new ETFs will be traded on the Toronto Stock Exchange (TSX). These investment tools will have their own name: Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) and Coincapital STOXX B.R.AI.N. Index Fund (THNK).
These new investment vehicles will help Canadian investors to have access to the cryptocurrency market and gain exposure to virtual currencies.
Lewis Bateman, CEO of Coincapital commented about it:
“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.”
He explained that the company is doing the work for investors by using the industry knowledge they have to provide Canadians with innovative investment options. These ETFs are not only suitable for experts but also for more casual investors.
The LDGR fund will be investing in global equity securities of companies that invest in research and development around blockchain technology. In the selection process, the fund will be using patent filings related to blockchain intellectual property that identifies blockchain innovators and blockchain adopters.
At the same time, the second fund THNK, will be focusing in four different megatrends. It will be investing in global equity securities or companies that work in fields such as biotechnology, robotics, artificial intelligence and nanotechnology.
Coinsquare is the most important cryptocurrency trading platform in Canada. It allows users to trade Bitcoin, Ethereum and many other virtual currencies in the maret. As per the company, they have never lost funds from clients and it has been named the 2nd most sought-after and fastest growing startup in the country.
In the United States, there are different proposals for Bitcoin and cryptocurrency-related ETFs. However, the U.S. Securities and Exchange Commission has several times delayed them due to risks of market manipulation.