(Bloomberg) A group of quantitative hedge fund traders long dreamed of bringing their artificial intelligence strategies to all. And now they have with the first exchange-traded fund to combine the worlds of AI and blockchain.The Innovation Shares NextGen Protocol ETF (ticker KOIN) began trading Tuesday. The fund tracks the Innovation Labs Blockchain Innovators Index. The gauge, which was created by Innovation Labs Ltd., uses “natural language processing” to scan news sources in order to determine sentiment and spot keywords so it can create a portfolio of as many as 60 stocks.
Quants Bring AI and Blockchain Together in One Fund
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