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.
$150 million in USDT was frozen by Tether
A rationale for blacklisting three addresses has not been given by Tether, although it has done so in the past to cooperate with law enforcement and help exchan ...
JAN 14, 2022
Pakistanis have $20 billion in crypto assets
The local association chief said that Pakistanis have $20 billion in crypto assets, and they need to set up a policy for that. ...
DEC 22, 2021
With many parachain deployments, Polkadot anticipates disrupting Web 3.0.
Parachains have been among the greatest achievements of Polkadot and it took Polkadot five years to build them which were auctioned off to teams. ...
DEC 19, 2021
Reddit will go public
Internet forum Reddit Social network announced its plans of going public and it is filing for an IPO. ...
DEC 17, 2021