Canada Approves Three Ethereum ETFs in One Day
The approval comes just over two months after Canada approved its first bitcoin ETF.
QR Capital's bitcoin ETF started trading on the Sao Paulo-based B3 exchange under the ticker QBTC11.
The ETF would compete with similar funds applied for by Bitwise and Valkyrie.
The SEC could use the ETF approval process to improve trading integrity on crypto exchanges, said Timothy Massad.
The ETF would track a benchmark of bitcoin futures contracts.
The ETF issuer raised eyebrows last month when it switched its ticker symbol to $BTC after an investment from digital asset manager Grayscale.