NEW YORK, Jan. 29, 2018 /PRNewswire/ -- Innovation Shares LLC, a sponsor of unique thematic Exchange Traded Funds, announced today that it anticipates that the Innovation Shares NextGen Protocol ETF (KOIN), the first exchange-traded fund to use artificial intelligence to identify and invest in blockchain innovators and adopters, will begin trading on the NYSE Arca on Tuesday, January 30th.
The index underlying KOIN was constructed utilizing a natural language processing algorithm that screens for global stocks that are believed to have a current or future economic interest in blockchain technology. By harnessing the power of textual analysis and artificial intelligence, companies are uncovered that might otherwise be overlooked by traditional analytical research.
Exchange Traded Concepts will serve as the advisor for KOIN.
About Innovation Shares LLC
Innovation Shares focuses on themes that investors are talking about but have a hard time accessing. The innovation behind the firm's name is not just the exposures it offers; rather, it resides in the patent-pending process used to develop proprietary indices. Using AI-driven natural language processing to power a sentiment-based selection methodology, Innovation Shares identifies stocks that might otherwise evade a traditional analytical approach.
About Exchange Traded Concepts
Exchange Traded Concepts (ETC) is an exchange-traded fund (ETF) provider that creates white label ETFs for index providers and asset managers around the world through a complete turnkey solution. ETC's ETF-In-A-Box™ Solution provides an efficient and cost-effective method to bring exchange-traded funds to market with the operational and regulatory experience necessary to manage the complexities of launching and managing an ETF.
Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's prospectus, which may be obtained by visiting innovationshares.com. Investors should read it carefully before investing or sending money.
Investing involves risk, including possible loss of principal. ETF Shares are bought and sold at market price, not net asset value (NAV), and are not individually redeemed from the Fund.
Exchange Traded Concepts, LLC serves as the investment advisor, and Penserra Capital Management LLC serves as the sub-advisor to the fund. The Funds are distributed by SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA, 19456), which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates.
SOURCE Exchange Traded Concepts, LLC