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Brazil Become The Second Country To Approve A Bitcoin ETF After Canada

Mary Liu

Summary: According to an official announcement, the Bitcoin ETF launched by QR Capital, a blockchain and cryptocurrency company in Brazil, has been approved by the Brazilian Securities and Exchange Commission (CVM). The ETF will be traded on the B3 stock exchange in Sao Paulo under the ticker of QBTC11. The CME CF Bitcoin Reference Rate (BRR)  is used to ...

According to an official announcement, the Bitcoin ETF launched by QR Capital, a blockchain and cryptocurrency company in Brazil, has been approved by the Brazilian Securities and Exchange Commission (CVM).

The ETF will be traded on the B3 stock exchange in Sao Paulo under the ticker of QBTC11. The CME CF Bitcoin Reference Rate (BRR)  is used to determining its net asset value (NAV).

This is the fourth approved Bitcoin ETF in the world and made Brazil becomes the second country in the world to approve a Bitcoin ETF after Canada.

By Mary Liu

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