KOIN seeks to provide investment results the track the performance of the Innovation Labs Blockchain Innovators Index. The index, designed by Innovation Shares, measures the performance of a diverse group of publicly-listed companies involved in blockchain innovations.
“KOIN recently surpassed its 7-month milestone and we are very pleased with the fund’s performance thus far,” said Markiewicz. “In terms of opportunities, we have only begun to see the benefits of blockchain’s potential. It is an evolving and rapidly growing space and as the technology continues to solve real world problems across various industries such as healthcare and insurance, we expect to see more companies that power this revolution access the public capital markets.”
Bitcoin ETFs Still Face Obstacles
As blockchain technology continues to gain wider acceptance, Bitcoin ETFs continue to face obstacles to legitimacy in the investment space and despite efforts by firms, the Securities and Exchange Commission stands firmly in the way. Bitcoin-based exchange-traded fund (ETF) applications have been getting seemingly perfunctory rejections, preventing cryptos from gaining more acceptance from investors who are wary of the unregulated exchanges of cryptocurrencies.
In an attempt to fall under the governmental regulation of the SEC, the cryptocurrency industry has been unable to bring this into fruition, starting with the Winklevoss Capital Management founders Cameron and Tyler Winklevoss application, which was rejected twice. The US Securities and Exchange Commission postponed their decision on a bitcoin ETF by investment firm VanEck and financial services company SolidX until the end of this month.
Colleges Meeting Demand for Blockchain Education
While the scramble for a bitcoin ETF continues, top universities are already adding course offerings in digital currencies and blockchain technology, according to a report from digital currency exchange Coinbase. Stanford University leads the pack with Cornell University and the University of Pennsylvania is not too far in the rearview mirror.
The rise in demand for these courses does not identify itself with a single area of study, as Coinbase found that cryptocurrencies and blockchain span across various curriculums, such as anthropology and finance. Furthermore, a survey performed by Coinbase in conjunction with tech company Qriously showed that interest in the courses originated from students of various majors.
“Blockchain combines theory and practice and can lead to fundamental breakthroughs in many research areas,” says Dawn Song, a computer science professor at University of California, Berkeley. “It can have really profound and broad-scale impacts on society in many different industries.”
The world of academics is not the most expedient with respect to adopting principles and practices that buck the trend of the norm. However, that rigidity has been tested with the advancement of digital currencies and blockchain.
““You need to prepare your students for the future,” said Campbell Harvey, Professor of International Business at Duke University. “Blockchain is not going away.”
For more information on the cryptocurrency market, visit the Bitcoin category.