Brazil’s Securities Commissioners Approve Ethereum Exchange-Traded Fund

Brazil’s Comissão de Valores Mobiliários (CVM), the country’s securities regulator, approves an Ether (ETH) Exchange Traded Fund (ETF), according to a display from QR Capital, the holding company of QR Asset Management.

The fund that trades under the ticker symbol QETH11, is listed on the B3 stock exchange from Brazil, of great reputation, that acts as a regional exchange and looks after customers from all over the world. QETH11 uses the same ether index as von CME group and will use institutional care by twins of the Winklevoss twins.

In your ad The issuer of the fund presents the product as “a simple, secure and regulated option for every investor to invest directly in Ethereum through their preferred broker without having to worry about registrations on exchanges, wallets or private keys”. QR Asset Management buys physical ETH for the product and commits to ensure a high level of transparency and security for QETH11 investors.

Brazil’s Securities Commissioners Approve Ethereum Exchange-Traded Fund
Brazil’s Securities Commissioners Approve Ethereum Exchange-Traded Fund

The green light for CVM is following in the footsteps of two previous crypto ETF approvals in March. one 100% Bitcoin and the other made up of five cryptocurrencies, in addition to Bitcoin (BTC). Both are also exchanged B3 and QR Asset management managed similarly Bitcoin’s exclusive product. Trading under the ticker symbol QBTC11 began in late June.

A month earlier, in February, Canada’s Ontario Securities Commission gave the go-ahead for the world’s first physically established Bitcoin ETF. Elsewhere, particularly in the United States, Securities regulators are still delaying the approval of crypto ETFs despite constant demand.

Similar Posts