KOIN Innovation Shares NextGen Protocol ETF

Seeks to track, before fees and expenses, the Innovation Labs Blockchain Innovators Index. The Index begins with stocks traded on major stock exchanges of developed and emerging market countries with a market capitalization greater than $100 million. From this initial universe, companies are screened for their involvement in, investment in, or adoption of cryptocurrency and blockchain technology using the Index Creator’s natural language processing (“NLP”) algorithm. The NLP algorithm reads through a large volume of textual data on online media platform and databases and identifies companies that are strongly tied to blockchain technology and any derivatives of that technology. These screened companies are then grouped into four “Stakeholder” categories: (1) “Cryptocurrency Payees:” companies that accept cryptocurrency as payment and are developing blockchain payment solutions; (2) “Mining Enablers:” companies that create hardware to enable creation of new blockchains or are mining blockchains as their main business; (3) “Solutions Providers:” companies that assist organizations in the creation and implementation of blockchain applications; and (4) “Blockchain Users: companies that primarily use blockchain technology to increase their own operational efficiencies, optimize settlement processes, enhance their customers’ experience and/or increase data security/integrity. Once eligible companies are grouped into the four Stakeholder categories, companies are ranked within their category based on a score applied using the methodology. The Index includes the top scoring 15 stocks in each category. Index components are reconstituted semi-annually in June and December and re-balanced on a quarterly basis to their original weights set at the reconstitution preceding the quarterly rebalance.

$28.18  -0.02 (-0.09%)
As of 03/22/2023 14:36:50 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     Exchange Traded Concepts
Category1:  Global Equity
Category2:  Single industry
Category3:  Blockchain
Morningstar category:  Technology
Leverage factor:  1.00
Inception date:  01/31/2018
Index tracking method: Passive replication
Current yield:  18.30%
Historical average yield:  4.05%
Market cap:  $14,061,950
Average volume:  1,988
Fees:     0.6500%

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Index Information

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Innovation Labs Blockchain Innovators Index
Index symbol:  KOINIndex
Provider:   Innovation Shares
Index weighting:   Other
Index inception date:  01/01/1900
Backtesting data exists:   No
Number of holdings:  42