Brazil will get its first Bitcoin ETF and becomes the first Latin American country in this regard
Bitcoin exchange-traded fund (ETF) has been approved by the Brazilian Securities and Exchange Commission in Brazil. Brazil is the first Latin American country to have Bitcoin ETF
Previously, QR Capital Cryptocurrency Investment Company (QRCIC) had applied for a Bitcoin exchange-traded fund that has been approved by Brazil’s Securities and Exchange Commission.
This company believes that it is the biggest crypto asset manager in Latin America and this launch is particularly of significance since it provides convenient, local, and safe access to the biggest crypto asset in the world.
When Bitcoin ETF is listed on a traditional market stock exchange next to for instance Apple and Facebook stocks, investing in Bitcoin would be easier and more trustable which leads to having more local investors in it and more diversified portfolios.
Yesterday, QRCIC stated that Bitcoin ETF would have the same performance that BTC futures contracts on Chicago Mercantile Exchange (CME) have when traded and operated. They said;
"The QBTC11 will have as reference the CME Group index of bitcoin futures contracts."
Before QRCIC Bitcoin ETF, three other Bitcoin ETFs had been approved and launched in the continent of America and in Canada. The first and second ones were from Purpose Investments Inc. and Evolve Funds ETFs in Feb 2021 which were followed by CI Galaxy Bitcoin ETF in March. This decision by the Canadian government to accept Bitcoin ETFs could stimulate their American counterparts to do so.
Shiba Inu surges more than 240% in a few days, enthralling investors and surprising traders.
Shiba Inu jumped in price only in a few days and holders had a gain of over 240% based on the time and day of their purchase. ...
OCT 08, 2021
China tightens its grip more on crypto and its operations
The Chinese government is battling cryptocurrencies once again, and to this end, the Chinese central bank is establishing a "coordination mechanism" with state ...
SEP 24, 2021
NFT Company helps Afghan women gain access to education
While the Taliban are taking over Afghanistan, Bookblocks.io is joining forces with a US-based organization to help Afghan women have access to education. ...
SEP 22, 2021
Optimism new upgrade: ‘one-click’ roll-up deployment enabled
Optimism uncovered its new upgrade while a completion for layer-two scaling solutions is heating up. ...
SEP 20, 2021