{"id":298599,"date":"2021-07-14T13:45:02","date_gmt":"2021-07-14T10:45:02","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/brazilian-securities-regulator-approves-ether-etf\/"},"modified":"2021-07-14T13:45:02","modified_gmt":"2021-07-14T10:45:02","slug":"brazilian-securities-regulator-approves-ether-etf","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/brazilian-securities-regulator-approves-ether-etf\/","title":{"rendered":"# Brazilian securities regulator approves Ether ETF"},"content":{"rendered":"

“# Brazilian securities regulator app<\/a>roves Ether ETF <\/strong>”
\n<\/p>\n

Brazil’s Comiss\u00e3o de Valores Mobili\u00e1rios (CVM), the country’s securities regulator, has approved an Ether (ETH) exchange-traded fund (ETF), according to an announcement<\/a> by QR Capital, the holding company of QR Asset Management.<\/p>\n

The fund, which trades under the ticker\u00a0QETH11 will trade on Brazil’s highly reputable B3 stock exchange, which operates as a regional exchange and serves customers worldwide.\u00a0QETH11 will use the same Ether index as that used by CME Group and uses institutional custodial services provided by the Winklevoss twins’ Gemini.<\/p>\n

In its announcement, the fund’s issuer pitches the product as \u201ca simple, safe and regulated option for any investor to gain direct exposure to Ethereum through their preferred brokerage, without worrying about registrations in exchanges, wallets or private keys.\u201d QR Asset Management buys physical ETH for the product and pledges to assure a high level of transparency and security for QETH11 \u00a0investors.<\/p>\n

Related:\u00a0New Bitcoin ETF approved in Canada <\/em><\/strong><\/p>\n

News<\/a> of the CVM’s green light follows hot on the heels of two earlier cryptocurrency ETF approvals this March, one 100% Bitcoin and the other composed of five cryptocurrencies, in addition to Bitcoin (BTC). Both are also traded on B3 and the Bitcoin-only product is similarly managed by QR Asset Management. It began trading under the ticker QBTC11 in late June.<\/p>\n

One month prior, in February, Canada’s\u00a0Ontario Securities Commission gave the green light for the world’s\u00a0first physically settled Bitcoin ETF. Elsewhere, particularly in the United States, securities regulators are still delaying crypto ETF approvals, despite consistent demand.<\/p>\n