Brazil gives the green light to Latin America's 1st ethereum ETF
- Brazil will be the first Latin American country to list an
- The ETF, called QETH11, will trade on the B3 stock exchange in Sao Paulo.
- Brazil has approved three crypto ETFs while investors wait for the US to greenlight its first.
Brazil will list the first ether exchange-traded fund in Latin America.
The ETF is called QETH11 and will trade on the B3 stock exchange in Sao Paulo, said QR Capital, a blockchain investment firm and the holding company of QR Asset Management which will administer the fund.
The ETF tracks the CME CF Ether Reference Rate, an
Brazil's Securities and Exchange Commission, or CVM, has already this year approved a bitcoin ETF and an ETF based on a basket of
Brazilian regulators are acknowledging the crypto market's maturation as investors seek regulated products, Fernando Carvalho, QR Capital's founder and CEO, told Cointelegraph Brazil.
"We hope that these signals from Brazil will encourage the SEC to approve the first US crypto ETF," he said.
QR Capital said institutional custodial services for its new ethereum ETF will be provided by Gemini, the company run by the Winklevoss twins, Cameron and Tyler, who were the first people to file for
- Discover what's new in iOS 17: Your ultimate guide to the latest features
- Hyderabad-based ethnic retailer Sai Silks Kalamandir IPO subscribed 4.4x
- After JP Morgan, Indian bonds set to enter other global bond indices; capital raising for infra push to get a boost
- 10 calcium-rich foods to ward Off calcium deficiency
- Amazon introduces next-gen of Echo smart devices with new-age AI