Innovation Shares, which picks ETFs (exchange-traded funds) based on trending themes has launched a new ETF that will use AI. Called the Innovation Shares NextGen Protocol (KOIN), it is being promoted as the first ETF to use artificial intelligence for identifying blockchain-based companies to invest in. The four themes the company are focusing on are mining enablers, adopters, providers of solutions and using cryptocurrency as payment.

Innovation Shares said that the KOIN ETF will allow its investors to gain access to global stocks in a variety of industries that are invested in the expanding blockchain space and its associated applications. Since so many publicly traded companies are exploring the potential of blockchain technology, Innovation Shares sees an opening for an ETF to support their investments.

The innovative use of AI is inspired by the innovative nature of the technology, according to the company\'s managing director. The AI will help in identifying and possibly investing in any stocks linked to such companies.

Not many weeks ago, America\'s SEC (Securities and Exchange Commission) announced that approvals for cryptocurrency ETFs and crypto-related products would be put on hold until protective measures were taken for investors. Innovation Shares\' announcement of KOIN, therefore, comes as something of a surprise.