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Bitcoin Price Will Keep Rising and could be used as collateral to extract profits without selling them. The bullish effect of the launch of the ProShares Bitcoin ETF would remain.
New ATH for Bitcoin as it broke its all-time high in the morning hours. October has been the month with the highest increase in the history of bitcoin.
Bitcoin ETF now available in Brazil and tracks the price of the Chicago Mercantile Exchange index and it trades in Brazilian “Reais”. It is the second cryptocurrency ETF that can be accessed in this Country. Dubai also launched its 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.