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First Bitcoin ETF in Latam Debuts on Brazil Stock Exchange
The first Bitcoin ETF in Latin America made its debut yesterday on the Brazil Stock Exchange. Presented by QR Capital, a Brazilian blockchain investment firm, the ETF seeks to simplify Bitcoin exposure for institutions and companies. The ETF was approved by Brazilian regulators and is currently trading with the QBTC11 ticker.
Bitcoin ETF Makes It in Brazil
The first Bitcoin ETF initiative in Latam is already listed on the Brazilian stock exchange. Conceived by QR Capital, a blockchain investment firm and asset manager, its objective is to simplify Bitcoin access for institutions. This Bitcoin ETF product got its approval last March from the Brazil Securities and Exchange Commission.
âMy grandad was a fisherman, my dad was a fisherman. Itâs in the family. Iâve started to think to myself, would I have been better off staying at school and getting a trade behind me. Itâs a sticky one.â
He reckons the profit from his catches has been down 30% this year on the average for the last few. Thatâs a big chunk of your money,â he said. âIâm just about covering my costs.
âI havenât landed this year in France. Last year, it was once every seven or 10 days. Itâs hard to say whatâs going to happen. I wasnât for Brexit but now Iâd like France to exit the EU â then Jersey and France would be able to work it out themselves. I just hope there is a fishing industry left after this.â