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.

Jul 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.

DISCLOSURE

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.