Brazil Approved the First Ether-based ETF in Latin America
🔴 BREAKING: CVM aprova o 1º ETF de Ethereum da América Latina, o QETH11.— QR Capital (@qrcapital) July 13, 2021
O ETF da QR Asset Management, gestora do grupo QR Capital, será listado na B3, que se torna a 1ª bolsa na América Latina a ter um ETF 100% Ethereum. pic.twitter.com/idluRrN2zq
The news comes a few months after the country validated the first BTC ETFs by QR Capital in March.QETH11 follows the Ether index used by global markets firm CME Group. The custodian of the fund is the Gemini led by Winklevoss Twins.
The first country globally that approved crypto ETFs was Canada. In February, the country’s regulatory authorized the Purpose Bitcoin ETF. Then, in April it verified three Ether ETFs.
Ether's price has fallen over 18% over the last 7 days. Currently, the token trades at around $1940 with a market cap of $227.1 B.