The Brazilian Securities Regulator, Comissão de Valores Mobiliários (CVM) gives approval for an Ether exchange-traded fund (ETF). The holding company of QR Asset Management, QR Capital, announced the approval.
🔴 BREAKING: CVM aprova o 1º ETF de Ethereum da América Latina, o QETH11.
O ETF da QR Asset Management, gestora do grupo QR Capital, será listado na B3, que se torna a 1ª bolsa na América Latina a ter um ETF 100% Ethereum. pic.twitter.com/idluRrN2zq
— QR Capital (@qrcapital) July 13, 2021
Brazil’s prominent B3 Stock Exchange will be the platform for trading the fund under the ticker QETH11. The B3 platform also runs as both a regional exchange and a global customer service platform.
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Just like CME Group, QETH11 will utilize the exact Ether index. Also, QETH11 will inculcate institutional custodial services from the Winklevoss twins’ Gemini.
What The ETF Will Accomplish?