Brazil’s SEC approves Latin America’s first Ethereum ETF

QETH11 will be the first Brazilian ETF to invest 100% of its equity in the world’s second largest cryptocurrency, listed on the Brazilian B3 exchange, with an indefinite date.

???? BREAKING: CVM-Aprova o 1º ETF de Ethereum da América Latina, o QETH11.

O ETF from QR Asset Management, gestora do grupo QR Capital, será listado na B3, que se tona a 1ª bolsa na América Latina a ter um ETF 100% Ethereum. pic.twitter.com/idluRrN2zq

– QR capital (@qrcapital) July 13, 2021

The largest crypto asset manager in Latin America, QR Asset Management, announced Tuesday that the Brazilian Securities and Exchange Commission (CVM) has approved the country’s first Ethereum ETF, ticker QETH11.

With QETH11, Brazilian investors can invest in the two largest cryptocurrencies in the world by buying regulated and easily accessible ETFs.

On June 23, QR Asset Management began trading its Bitcoin ETF with the ticker QBTC11 on the Sao Paulo-based B3 exchange.

“Brazilian investors now have regulated, easy and secure access to the two largest and most valuable digital assets in the world. There is no longer any need to register on exchanges, generate private keys or worry about safekeeping as the fund has institutional custody in Deep Cold Storage operated by Gemini – a company that specializes in management of crypto operations started by the Winklevoss twins – a service not readily available to the average investor, ”said QR Asset Management.

The US has up to 13 applications for Bitcoin ETF, but no ETF has yet been accepted by the SEC as the crypto market is manipulated and valued by sharks, but the SEC also forgets the paradox that there are many many markets manipulated but they accept still ETFs.

Thach Sanh

According to the AZCoin News

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