Latin America Approves Bitcoin ETF

The first-ever bitcoin exchange-traded fund (ETF) to receive regulatory approval in Latin America is reportedly set to go live in Brazil this summer.

QR Capital, the parent of Brazilian blockchain asset management company QR Asset Management, announced the ETF launch today and indicated that the product would be listed on Brazilian stock exchange B3. According to a translated report from CNN Brasil, it should be listed by June and it will be referenced in the bitcoin index of the Chicago Mercantile Exchange’s (CME) futures contracts.

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