Brazil Stock Exchange Lists First Bitcoin ETF in Latin America

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Blockchain investment firm QR Capital’s bitcoin exchange-traded fund (ETF) started trading on the Brazil stock exchange today.

  • In March, the Brazil Securities and Exchange Commission approved QR Capital’s bitcoin ETF  to trade on the Sao Paulo-based B3 exchange under the ticker QBTC11.
  • The bitcoin ETF will give investors exposure to bitcoin with safe custody, daily liquidity, without worrying about private keys, said the firm.
  • QR Capital CEO Fernando Carvalho said the arrival of bitcoin in the stock market is a “historic moment for the cryptomarket and the conventional financial market as well.”
  • “We can see the market maturing in its search for safer and simpler bitcoin exposure options. Our bitcoin ETF is a landmark for both financial and cryptomarkets, once it is the convergence point between them. The Brazilian investor has now a regulated and robust choice to buy bitcoin,” said Carvalho.

Read more: Brazil Becomes Second Country in the Americas to Approve a Bitcoin ETF

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