Innovation Shares LLC created KOIN, exchange-traded fund using artificial intelligence to form portfolio of select high-performing blockchain-related stocks

Briefing

February 5, 2018

Briefing	KOIN – Innovation Shares LLC launched Innovation Shares NextGen Protocol ETF (KOIN) fund, which uses AI to form stock portfolio of blockchain innovators and adopters, in January 30, 2018 AI-Based Selection – Algorithm searches for blockchain-related firms by scouring news articles for keywords, company names, sentiment levels, market capitalization and liquidity measures Sentiment Ranking – Divides eligible stocks into four categories: cryptocurrency payees, mining enablers, solution providers, and blockchain adopters, ranking companies within categories based on sentiment score to get 15 for each to include in index Commercialization – Looking to democratize AI and thematic trading by commercializing product for retail market Better Performance – KOIN more affordable and performing better than other blockchain funds Amplify Transformational Data Sharing ETF (BLOK) and Reality Shares Nasdaq NextGen Economy ETF (BLCN), despite only trading for significantly shorter period of time
Accelerator	Artificial Intelligence, Web3 Ecosystems, Tokens and Consensus Mechanisms
Market Disruption	AI-Driven Finance
Business Model and Practices Business Model and Practices	Data, Interfaces and Algorithms
Sector	Financial Services, Information Technology
Organization	Innovation Shares LLC
Source	Ponczek, S., "Quants bring AI and blockchain together in one fund", Bloomberg, https://www.bloomberg.com/; "Innovation shares launches 'KOIN', first AI powered ETF to provide investors access to blockchain innovators and adopters," PR Newswire, http://www.prnewswire.com/; Huynh, C., "New ETF uses AI to identify and invest in blockchain companies", Coinsquare, https://coinsquare.io/; AcceleratingBiz analysis
Original Publication Date	February 1, 2018

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