The Brazilian Securities Commission has okayed the first Ethereum exchange-traded fund in Latin America, months after approving a Bitcoin ETF.
- The Ethereum ETF will be managed by QR Asset management.
- The ETF will operate under ticker QETH11 and will appear on Brazilian stock exchange, B3.
- The ETF will use “secure institutional custody” offered by Gemini exchange in the US.
Brazil’s approval of the Ethereum exchange happens amid rejected applications by US SEC, with SkyBridge Capital and VanEck yet to get a nod.
BTCUSD is down -1.30%, ETHUSD is down -0.49%