Several months after greenlighting a Bitcoin ETF, Brazil’s watchdog has done the same for a product tracking the performance of the second-largest cryptocurrency – ETH. The fund will be managed by QR Asset Management.
- As local media reported, the CVM has given a nod of approval for the second cryptocurrency-oriented exchange-traded fund.
- The Ethereum ETF will have a ticker QETH11 and will appear on the country’s stock exchange called B3. It will follow the CME CF Ether Reference Rate, used by the CME Group.
- QR Asset Management, the company that will manage the fund, said with the announcement:
-
“Expanding the horizen of diversification, QETH11 becomes a simple, safe, and regulated option for any investor to gain direct exposure to Ethereum through their preferred brokerage.”
- Interestingly, QR added that the new ETF will use “secure institutional custody” provided by the US exchange Gemini – owned and operated by the Winklevoss brothers.
- It’s worth noting that this is the second approved crypto exchange-traded fund in Brazil. As CryptoPotato reported in March this year, the nation’s securities regulator greenlighted a Bitcoin ETF.
- Furthermore, Canada also has three operational BTC ETFs within its borders, all approved since the start of this year.
- At the same time, the US SEC continues to reject most applications while delaying the latest attempts by VanEck and SkyBridge Capital.
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.
Source: https://cryptopotato.com/brazils-sec-approves-first-ethereum-etf-in-latin-america/
- &
- AI
- All
- america
- applications
- asset
- asset management
- Bitcoin
- Bitcoin ETF
- border
- Brazil
- brokerage
- BTC
- Canada
- capital
- CME
- CME Group
- code
- company
- content
- continues
- crypto
- cryptocurrency
- diversification
- ETF
- ETFs
- ETH
- Ether
- ethereum
- exchange
- Fees
- First
- follow
- Free
- fund
- Futures
- Gemini
- Group
- HTTPS
- Institutional
- investor
- IT
- latest
- latin america
- Limited
- local
- management
- March
- Media
- months
- offer
- Option
- performance
- Product
- Reading
- safe
- SEC
- Securities
- Share
- Simple
- Sponsored
- start
- stock
- time
- Tracking
- Trading
- us
- US Sec
- Winklevoss
- within
- worth
- year
More from CryptoPotato
Are Bitcoin ‘Drivechains’ The Future of Scaling? BitMEX Analysis
Source Node: 2210720
Time Stamp: Aug 13, 2023
Here is When Ripple (XRP) Price Could Explode: Speculation
Source Node: 2287034
Time Stamp: Sep 23, 2023
Crypto Markets Rebound $130B: Bitcoin Recovers 5%, Shiba Inu Up 37% Since Yesterday’s Low
Source Node: 1151650
Time Stamp: Jan 23, 2022
MetaMask Returns to Apple’s App Store After a Brief Hiatus
Source Node: 2327451
Time Stamp: Oct 14, 2023
After a Successful IDO, Cardance’s SpinADA Will be Listed on PancakeSwap
Source Node: 1103075
Time Stamp: Nov 4, 2021
Poly Network to Relaunch With $500K Bug Bounty After Funds Returned
Source Node: 1031344
Time Stamp: Aug 17, 2021
Celsius Crashes 50% As the Platform Halts Withdrawals due to ‘Extreme Market Conditions’
Source Node: 1353624
Time Stamp: Jun 13, 2022
Bitcoin Dipped to Weekly Lows on Minor Trading Volumes (Weekend Watch)
Source Node: 1720447
Time Stamp: Oct 9, 2022
US Authorities Seize $54 Million in Crypto From New Jersey Narcotics Ring
Source Node: 2379824
Time Stamp: Nov 12, 2023
WAGMI Games Partners With Cubix To Develop Their PVP Tower Defense P2E Game
Source Node: 1128320
Time Stamp: Jan 5, 2022
Relite Extends its NFT Artists Contest with Three Extra Days to Join
Source Node: 1038190
Time Stamp: Aug 20, 2021