As the blockchain continues to plant its roots in financial and technological systems around the world, more and more investors are starting to get involved. In January, the first four blockchain related ETFs started to trade. In my opinion, the most interesting of these options is known as KOIN. Today, we’ll talk about KOIN, what this means for blockchain as a whole, and what we’ll be watching for ahead.
Why Is KOIN So Interesting?
The reality is that when we think of the blockchain, we think about cryptocurrency. After all, the blockchain where cryptocurrencies live. However, while Satoshi Nakamoto intended for Bitcoin’s blockchain to only house cryptocurrencies, this technology is changing the shape of many industries, from medical to customer service, artificial intelligence, and much more.
What makes the KOIN ETF so interesting to me is the focus of the ETF. The founders of KOIN saw a massive opportunity in the fact that both the Artificial Intelligence and blockchain technologies are not only growing but they are quickly becoming adopted as a part of day to day life for many. As a result, the KOIN ETF is built around “using artificial intelligence to identify and invest in blockchain innovators and adopters”.
KOIN is the brainchild of a partnership between Innovative Shares and Exchange Traded Concept. The ETF is backed by patent-pending, institutional-level investment methodology. In a statement, Matt Markiewicz, Managing Director at Innovation Shares, had the following to offer:
The approach we are taking is very different from the normal indexing methodology… We take a lot of the security bias out of the selection process.”
What We’re Seeing From KOIN Today
The KOIN ETF is currently trading at $24.904 after a gain of $0.109 or 0.44% thus far today.
What This Means For The Blockchain
At the end of the day, the fact that 4 blockchain related ETFs have uplisted in the past month is a pat on the back to Satoshi Nakamoto and other innovative drivers of this technology. As more investors, tech experts and consumers start using and investing in blockchain technology and cryptocurrencies, these actions become further validation that the blockchain in and of itself is a revolutionary technology that has the potential to change the way we see transparency in just about every facet of business and finance. Not to mention, with the continued upward movement of KOIN, it’s clear that there is incredible interest among investors in this technology. All in all, the KOIN ETF is yet another bode of confidence toward the blockchain industry as a whole.
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance CryptoCorner team will continue to keep a close eye on KOIN. In particular, we’re excited to see the results of their innovative artificial intelligence and the moves this AI leads to with regard to blockchain investments. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!