Several months after greenlighting a Bitcoin ETF, Brazil’s watchdog has done the same for a product tracking the performance of the second-largest cryptocurrency – Ethereum. The fund will be managed by QR Asset Management. Brazil joins Canada in approving Cryptocurrency backed ETFs. Canada already has three operational BTC ETFs within its borders, all approved since the start of this year.
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Brazil’s SEC approves first Ethereum ETF in Latin America
“Expanding the horizen of diversification, QETH11 becomes a simple, safe, and regulated option for any investor to gain direct exposure to Ethereum through their preferred brokerage.” said QR Asset Management.
