Coinsquare’s Investment Subsidiary Launches Two Tech-Based ETFs on TSX Exchange

A portfolio-management subsidiary of crypto exchange Coinsquare has launched two exchange-traded funds (ETFs) on the Toronto Stock Exchange (TSX), local news agency The Globe And Mail reports September 20.

Coinsquare’s subsidiary — Coin Capital Investment Management — has reportedly become the 30th ETF operator in Canada, with the launch of the Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) and the Coincapital STOXX B.R.AI.N. Index Fund (THNK).

The ETFs trading started on Thursday, September 20, with a management fee of 0.64 per cent on the TSX, which is reportedly the 12th largest global stock exchange by market capitalization.

LDGR is a research-focused ETF that intends to provide investors with global equity securities of firms that invest in the development of blockchain technologies. The ETF is based on the recently launched iSTOXX Yewno Developed Markets Blockchain Index — an index that reflects a large volume of data to discover companies that focus on researching distributed ledger technology (DLT).

The second new ETF, THNK, aims to provide investments in global equity securities concentrated around four “megatrends” in technology — biotechnology, robotics, artificial intelligence (AI), and nanotechnology — based on the iSTOXX Developed Markets B.R.AI.N Index.

Lewis Bateman, chief executive of Coin Capital — which launched in July — claimed that the newly launched ETFs will allow investors to access “high-quality investments” in the industries of AI and blockchain “without deep domain expertise.”

Earlier this year, Harvest Portfolios investment solutions provider became the first Canadian blockchain-based ETF (HBLK), enabling customers to invest in securities focused on large and small-scale blockchain corporations, based on its own Harvest Blockchain Technologies Index.

Founded in 2014, the Toronto-based Coinsquare exchange is ranked 69th according to daily trading volume.

On August 23, Coinsquare announced its plans to expand its business into the European market in Q4 2018, aiming to provide a “regulated, fully-compliant trading platform” to trade cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Dogecoin (DOGE), and Dash (DASH).