First Ethereum ETF in Latin American to List on Brazilian Exchange B3

First Ethereum ETF in Latin American to List on Brazilian Exchange B3
фото показано с : zycrypto.com

2021-7-15 19:12

The first Ethereum Exchange Traded Fund (ETF) in Latin America is coming to Brazil after the Brazilian securities commission (CVM) approved the blockchain investment firm QR Capital to list the ETF on Brazil’s B3 stock exchange.

The ETF will track the performance of the world’s second-largest cryptocurrency ETH and will list under the ticker name QETH11 according to a statement by QR Capital.

“Breaking CVM approves the 1st Ethereum ETF in Latin America. QEtH11. The QR Asset Management ETF, manager of the QR Capital Group will be listed on the B# which becomes the 1st exchange in Latin America to have 100% Ethereum ETF.”

QR Capital notably said that it will use the crypto custody services of the US crypto exchange Gemini, which is owned by the Winklevoss twins. The ETF will also follow the CME Group’s CME CF Ether reference rate.

“For this, the ETF buys physical Ethereum and carries out custody with transparency and security for you.”

QR Capital is a Brazil-based company that builds, develops, and invests in companies in the blockchain and crypto-assets ecosystem.

CVM Dives Deeper Into the Crypto Market

QETH11 will be the second-largest crypto-focussed ETF in South America after the CVM approved the first bitcoin ETF in March 2021. At the time, QR Capital CEO Fernando Carvalho said that the entry of bitcoin into the region’s stock market marked a historic moment for both the cryptocurrency and the traditional markets.

According to QR Capital, the addition of QETH11 will enable investors to seek exposure to two of the world’s largest cryptocurrencies.

“Expanding the horizon of diversification, QETH11 becomes a simple, safe, and regulated option for any investor to gain direct exposure to Ethereum through their preferred brokerage.”

The BTC ETF, also approved for QR Capital, began trading on June 23, on the San-Paulo-based B3 exchange. B3 has an estimated market cap of $2.37 trillion as the second-largest exchange in both North and South America and the 13th largest exchange in the world.

US Neighbor Moves On Crypto

Canada has approved three bitcoin ETFs In 2021. US investors hoped this would inspire the US regulators to respond favorably to the long list of pending requests from multiple financial institutions, including SkyBridge Capital and VanEck.

However, the US SEC continues to have a hostile outlook on cryptocurrencies despite the standing approval by the US Comptroller of Office green light for institutions to custody cryptocurrencies.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Доступно / Всего 1.123b SAFEX

exchange etf ethereum brazil brazilian latin list

exchange etf → Результатов: 126


Making the Case for SEC Bitcoin ETF Approval in 2018 or by Quarter 1 2019 at Latest

Is SEC Getting Prepared for a Bitcoin ETF in 2019? The U.S. Securities and Exchange Commission (SEC) is one of the most important regulatory authorities in the world and in the United States. During the last months, several Bitcoin Exchange-Traded Funds (ETFs) have been rejected or postponed by the regulatory watchdog. Apparently, there is a […]

2018-10-30 23:00


Imminent Bitcoin ETF Approval Could Capture Major Market Momentum as Stock Prices Plummet

Stock Prices Are Plummeting: Can Bitcoin Exchange Traded Fund Actually Capitalize This Year? Many financial analysts have already sounded the horns for a looming recession. In fact, JPMorgan analysts have predicted a 60% chance of a recession by 2020 which increases to 80% by 2021. This can be a blessing in disguise for Bitcoin and […]

2018-10-25 17:58


Bitcoin ETF To Capitalize on Falling Stock Prices?

Bitcoin (BTC), Exchange Traded Fund (ETF)–Yesterday EWN reported on a development by JPMorgan analysts over their prediction of an inevitable U.S. recession lingering on the horizon. According to the report, JPMorgan is predicting a 60 percent chance of recession occurring by the year 2020, with that number climbing further to 80 percent in the next […] The post Bitcoin ETF To Capitalize on Falling Stock Prices? appeared first on Ethereum World News.

2018-10-25 05:35


Crypto Market to See a Huge Bullish Rally By Year End as Latest Reports Hints On an Imminent ETF Approval

As the deadline for review of ETF applications draws near, a report has tipped that approval of an ETF is highly likely. The report which is based on sources from CBOE said the outcome of a meeting between  US Securities and Exchange Commission (SEC) commissioner Elad Roisman and the CBOE, VanEck, and SolidX shows signs […] The post Crypto Market to See a Huge Bullish Rally By Year End as Latest Reports Hints On an Imminent ETF Approval appeared first on ZyCrypto.

2018-10-23 23:02


Фото:

Could Bakkt Bitcoin Futures Market Launch in December Lead to ETF Approval?

In an official statement, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), revealed that Bakkt will launch its Bitcoin futures market by December 2018. Bakkt, a global cryptocurrency platform developed by ICE to enable investors, merchants, and consumers to access, trade, and utilize digital assets in a faster, cost-effective, and […] The post Could Bakkt Bitcoin Futures Market Launch in December Lead to ETF Approval? appeared first on CryptoSlate.

2018-10-23 01:29


SEC ждет публичных комментариев по вопросу ETF биткоина от ProShares, GraniteShares и Direxion

В августе Комиссия по ценным бумагам и биржам США (SEC) отклонила 9 заявок на размещение ETF биткоина от ProShares, GraniteShares и Direxion. Продукты от GraniteShares планируется разместить на платформе CBOE BZX Exchange, в то время как ProShares и Direxion нацеливаются на NYSE Arca Exchange.

2018-10-8 11:58


Фото:

Bitcoin, Ether, XRP Weekly Market Update: September 27, 2018

BTC closed September 20, 2018, at $6,493 with substantial gains of approximately $100 and a third consecutive green candle on the daily chart. BTC-USD The U.S. Securities and Exchange Commission (SEC) stated on September 20 that it has begun a review process for the physically-backed bitcoin ETF proposed by VanEck and SolidX and will once again delay its decision in...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-9-27 19:00


Фото:

Bitcoin Price Watch: Is Another Bull Run in Store?

At press time, bitcoin is trading for over $6,700. That’s roughly $400 more than where it’s stood over the past week, and many are wondering if a year-end bull run is at hand. Recently, the Securities and Exchange Commission (SEC) sought further industry help and commentary regarding the bitcoin ETF submitted by joint venture VanEck […] The post Bitcoin Price Watch: Is Another Bull Run in Store? appeared first on NullTX.

2018-9-22 21:09