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Brazil's Bitcoin ETF Sees Potential Strong Demand And Plans To Raise $90 Million
Summary: According to Forbes, QR Capital ETF, a Bitcoin ETF launched by Brazil-based QR Capital plans to start trading in June after getting a green light from the Brazilian Securities and Exchange Commission (CVM). By then, the Bitcoin ETF will be available to any Brazilian citizen and international investors who open accounts in B3. CEO Fernando ...
According to Forbes, QR Capital ETF, a Bitcoin ETF launched by Brazil-based QR Capital plans to start trading in June after getting a green light from the Brazilian Securities and Exchange Commission (CVM).
By then, the Bitcoin ETF will be available to any Brazilian citizen and international investors who open accounts in B3.
CEO Fernando Carvalho said that QR Capital plans to raise 500 million reais (approximately $90 million) in the next few weeks and purchase spot assets on foreign regulated exchanges on the open market.
When considering the way of Bitcoin custody, Carvalho stated that the company will rely on its international partners BitGo and Coinbase Custody.
By Mary Liu
Tags: Bitcoin ETF,BitGo,Brazil,Coinbase Custody,QR Capital
Link: Brazil's Bitcoin ETF Sees Potential Strong Demand And Plans To Raise $90 Million [Copy]
