Brazil’s SEC has approved Latin American 1st 100% Ethereum ETF

QETH11 will be the first Brazilian ETF to invest 100% of its equity in the second-largest cryptocurrency in the world, listing on B3, the Brazilian stock exchange has no date set yet.

The largest cryptocurrency asset manager in Latin America, QR Asset Management has announced on Tuesday the approval, by Brazilian Securities and Exchange Commission (CVM), of the first Ether ETF in the country, the QETH11.

With QETH11, Brazilian investors will be able to seek exposure to the two largest cryptocurrencies in the world with the purchase of ETFs, which are regulated and easily accessible.

On June 23, QR Asset Management started trading its Bitcoin ETF with the ticker QBTC11 on the Sao Paulo-based B3 exchange.

“The Brazilian investor now has the possibility of exposure to the two largest and most valuable digital assets in the world, in a regulated, simple and secure manner. It is no longer necessary to register in exchanges, create private keys or worry about secure custody, since the fund has institutional-level custody in deep cold storage , provided by Gemini – a company specializing in the custody of crypto actives founded by the Winklevoss twins – a service not very accessible to the common investor”, said QR Asset Management.

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