Brazil Stock Exchange Lists First Bitcoin ETF in Latin America

QR Capital's bitcoin ETF started trading on the Sao Paulo-based B3 exchange under the ticker QBTC11.

Jun 23, 2021 at 6:38 p.m. UTC
Updated Sep 14, 2021 at 1:15 p.m. UTC

Blockchain investment firm QR Capital's bitcoin exchange-traded fund (ETF) started trading on the Brazil stock exchange today.

  • In March, the Brazil Securities and Exchange Commission approved QR Capital's bitcoin ETF  to trade on the Sao Paulo-based B3 exchange under the ticker QBTC11.
  • The bitcoin ETF will give investors exposure to bitcoin with safe custody, daily liquidity, without worrying about private keys, said the firm.
  • QR Capital CEO Fernando Carvalho said the arrival of bitcoin in the stock market is a “historic moment for the crypto market and the conventional financial market as well.”
  • “We can see the market maturing in its search for safer and simpler bitcoin exposure options. Our bitcoin ETF is a landmark for both financial and crypto markets, once it is the convergence point between them. The Brazilian investor has now a regulated and robust choice to buy bitcoin,” said Carvalho.

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