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    Home » Brazil Sets the Tone for Crypto Again with the First Ethereum ETF in Latin America
    Crypto News

    Brazil Sets the Tone for Crypto Again with the First Ethereum ETF in Latin America

    July 14, 20211 Min Read
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    Illustration of an orange Brazil map with a bitcoin sign
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    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%

    Source: CryptoPotato

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