KOIN, An Exchange Traded Fund That Tracks Blockchain Innovations Now Holds Approximately Over $10 Million in Assets Under Mangement
When it was launched approximately 11 months ago, The Innovation Shares NextGen Protocol ETF, otherwise known as KOIN, it quickly became a product worthy of investors attention. It was on January 30th 2018, the ETF product has rapidly gained the attention of a wide variety of investors who have collectively driven the assets under the management of the ETF to roughly $10 million as of right now.
So what does this mean for those investors that bought into the ETF? It’s managed to return over 7.44 percent to investors since its launch.
Extraordinary Results From The Innovative Index
What makes Koin an impressive product is that it manages to track the Innovation Labs Blockchain Innovators Index, which has since provided more than 9.9 percent returns to investors over the past three months, and 7.44 percent returns from when it was developed and applied, and September 30th 2018.
Initially, the index was created using a natural language processing algorithm which allows for a global list of stocks to be screened which they believe will hold an economic interest (both currently and in the future) in the world of blockchain technology.
Analytical research in the more traditional application may not find all the companies that are interested in blockchain technology. By contrast, NLP and textual analysis, doubled up with the application of artificial intelligence will help to find what would have otherwise been overlooked by other systems.
A number of notes were made on by the managing director of Innovation Shares, Matt Markiewicz, regarding the level of the traction gained since the launch of KOIN.
“This encouraging momentum can be seen across many industries including technology, financial services, energy, and transportation.”
The Holdings And Assets Behind KOIN
At this moment in time, KOIN boasts a total of $10 million under its belt. And with that amount comes a great deal of diversity to its portfolio; spanning a range of equities in fifteen countries and twelve industries. The index that it follows has four different categories which investors can place stocks in, depending on their interaction and ongoing relationship with blockchain technology.
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.
One of the first categories that it houses is Cryptocurrency as Payment, which includes companies that accept digital coins as a means of payments for the corresponding goods and services they offer. This category can also include a number of companies which are developing payment solutions on the blockchain.
The second category consists of Mining Enablers. This includes a range of companies that create a line up of equipment and / or tools that enable the creation of new blockchains. Companies that have blockchain mining as one, or the main focus of their business can also be found in this category.
The third category consists of the Solutions Providers. This includes a number of companies that are Blockchain as Service Providers, who function to assist with creating and implementing blockchain solutions and applications for other businesses.
The final category is the line-up of adopters, also known as the companies that put blockchain technology to use in their processes. Their main purpose can be to improve the operational efficiency of their business model overall, or to improve the conditions of data security or integrity and to aid in the effort of streamlining the overall customer experience.