- Brazil becomes the second country inside the Americas to launch a bitcoin exchange traded fund. The Brazil Securities and Exchange Commission has authorized QR Capital’s bitcoin ETF to begin trading on the Sao Paulo-based B3 exchange.
- Per CoinDesk, Fernando Carvalho, CEO of QR Capital, stated that this date is a “historic moment for the cryptomarket and the conventional financial market as well.”
- QR Capital’s new crypto-based ETF will commence trading under the ticker “QBTC11”.
- The U.S. Securities and Exchange Commission has still not approved a bitcoin exchange traded fund as it recently delayed its rulings for the second time on VanEck. While the United States continues to drag its feet, other nations are making strides.
- Cryptocurrencies are extending their reach globally with now exchange traded funds in Canada and Brazil. Additionally, Coinbase Global enters Japan, poised to offer five cryptocurrencies.
- Currently, the volatile bitcoin (BTC-USD) is trading right at the $34,000 watermark as the asset is +0.73% on Thursday’s trading session.
- VanEck submitted paperwork on a preliminary prospectus with the SEC to launch the Bitcoin Strategy Fund, a new bitcoin futures mutual fund. Learn more information.