Browsing: bitcoin etf

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.