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.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
DESK Is Back: CoinDesk Relaunches Reward Token Into the Wild

After beta testing it last year, we’re rolling out DESK as an integral part of the experience at Consensus 2022 – and beyond.

After beta testing it last year, we’re rolling out DESK as an integral part of the experience at Consensus 2022 – and beyond.

CoinDesk - Unknown
2
CoinDesk - Unknown
Why This Shop-to-Earn App Is Making the World a Better Place

CoinDesk - Unknown
3
CoinDesk - Unknown
Deplatformed by PayPal, Antiwar Journalists Speak Out

“If they can do this to us, they can do it to you,” says a writer whose outlet has challenged the neat narratives around Russia’s invasion of Ukraine.

“If they can do this to us, they can do it to you,” says a writer whose outlet has challenged the neat narratives around Russia’s invasion of Ukraine.

CoinDesk - Unknown
4
CoinDesk - Unknown
EBay Taps OneOf for Debut Sports-Themed NFT Drop

The release marks the online marketplace giant's first foray into digital collectibles.

The release marks the online marketplace giant's first foray into digital collectibles.

CoinDesk - Unknown