Innovation Shares NextGen Protocol ETF (KOIN) Surpasses $10 million in Assets Under Management

After launching on January 30, 2018, the Innovation Shares NextGen Protocol ETF (NYSE Arca: KOIN) crossed the $10 million assets under management (AUM) threshold.

KOIN, which tracks the Innovation Labs Blockchain Innovators Index, returned 9.59 percent to investors the last 3 months and 7.44 percent to investors since inception through September 30, 2018.

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.