SoftBank Invests $200M in Brazil Crypto Exchange Mercado Bitcoin
The company contemplates acquisitions in Argentina, Chile, Colombia and Mexico.
The fund will trade on the Sao Paulo-based B3 exchange under the ticker QETH11, QR Capital said.
The Hashdex Nasdaq Bitcoin Reference Price Index Fund will use a portion of the management fee to buy carbon credits and will be available as of August on Brazilian stock exchange B3.
The executive, who had assumed office in January, said there was a misalignment of expectations and that he made the decision according to his personal values.
Nominated by President Jair Bolsonaro, he received approval from the Senate's Economic Affairs Commission.
The operation was carried out on intelligence gathered over a three-year investigation into alleged fraud and and embezzlement scams.