Another Blockchain ETF Has Launched

An exchange-traded fund focused on companies that are working with blockchain or are eyeing applications of the tech has launched today.
Innovation Shares LLC's NextGen Protocol ETF (ticker symbol: KOIN) went live on the NYSE Arca exchange and trading has begun.The information, as of 9:46 a.m. EST, was showing a volume of 2,100 and a price of $24.88 per share.
The firm backing the ETF said it is deploying artificial intelligence in a bid to track and include notable companies, with an emphasis on stocks that have a "current or future economic interest in blockchain technology."
Exchange Traded Concepts, an ETF provider, is acting as the advisor for the fund.
The Innovation Shares launch represents the latest instance of an investment product aimed at taking advantage of the interest – and hype – around the technology.

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