Brazil Gets First Bitcoin ETF in South America

[waybesuricata]

Brazil’s Securities and Exchange Commission (CVM) has approved a Bitcoin ETF launched by QR Capital.

Brazil’s first Bitcoin ETF will be listed on the Sao Paulo stock exchange under the ticker QBTC11.

The primary offering will be for $500 million and will only be available to qualified investors. It will be accessible to retail investors once listed on the stock exchange in June this year.

Fernando Carvalho, president of QR Capital, said, “Until now, the investor only bought in unregulated markets, with ETFs, access will be more democratized.”

Source and continuation of the article: https://beincrypto.com/brazil-gets-first-bitcoin-etf-in-south-america/