Ether EFT Gets Approval From Brazilian Securities Regulator

Ether EFT Gets Approval From Brazilian Securities Regulator

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.

— QR Capital (@qrcapital) July 13, 2021

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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?

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