March 21, 2021

first brazillian bitcoin etf

Brazilian stock exchange to have Latin America’s first bitcoin ETF

The primary offer of QBTC11 (first Bitcoin ETF), from QR Asset Management, the asset manager of holding company QR Capital, is expected to raise R$500 million ( something like US$92 million) and the ETF will reach the home brokers of Brazilian investors this semester.

An ETF is essentially a kind of investment fund referred to in some asset or index and negotiated through the stock exchange.