Ethereum ETF to List on Brazil's Stock Exchange

The fund will trade on the Sao Paulo-based B3 exchange under the ticker QETH11, QR Capital said.

AccessTimeIconJul 14, 2021 at 9:23 a.m. UTC
Updated Sep 14, 2021 at 1:25 p.m. UTC

Blockchain investment firm QR Capital is to list an ethereum exchange-traded fund (ETF) on Brazil's stock exchange after winning approval from the markets regulator.

  • The ETF will list on the Sao Paulo-based B3 exchange under the ticker QETH11, QR Capital said in a tweet Tuesday.
  • QETH11 won approval from Brazil's Securities and Exchange Commission and will use institutional custody provided by crypto exchange Gemini. It is Latin America's first ethereum ETF, QR Capital said.
  • QR Capital will buy ether and offer investors exposure to it without them having to worry about wallets or private keys.
  • Last month, QR Capital's bitcoin ETF began trading on B3, itself the first bitcoin ETF to be approved in Latin America.

Read more about

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
NFT Platforms Should Be Caught by EU Money-Laundering Overhaul, Lawmakers Say

Unhosted wallets and decentralized finance were left largely unscathed by two landmark crypto laws agreed to last week, but left-wing lawmakers may seek another go as they discuss dirty-money rules.

CoinDesk - Unknown
2
CoinDesk - Unknown
Bitcoin se recupera y supera los $19K; Nomura advierte de una recesión en EE. UU. y Reino Unido

Nomura escribió acerca de una recesión en la eurozona, el Reino Unido y Asia Pacífico, lo que podría influir en los precios de las criptomonedas.

CoinDesk - Unknown
3
CoinDesk - Unknown
Argentinos se refugian en stablecoins durante el fin de semana tras dimisión del ministro de Economía

Los principales exchanges del país informaron que los usuarios compraron hasta tres veces más criptomonedas estables que durante un fin de semana normal, en medio una crisis económica en ciernes.

CoinDesk - Unknown
4
CoinDesk - Unknown
Polkadot Builder Parity Technologies Adds 3 Execs to Leadership Team

The new executives joining Parity are Eran Barak (COO), Peter Ruchatz (CMO) and Fahmi Syed (CFO)

CoinDesk - Unknown