The Brazilian Securities Commission (CVM) has approved the first-ever Ethereum (ETH) exchange-traded fund (ETF) just a few months after the approval of the Bitcoin ETF.Ethereum (ETF) will track the performance of the second-largest cryptocurrency. QR Asset Management will manage the fund.Read: Ethereum (ETH) Fees at Eight-Month LowsQR Asset Management announced:\u201cExpanding the horizons for diversification, QETH11 has become an easy, secure, and regulated option for any investor to gain direct Ethereum access through their preferred brokerage firm.\u201d BREAKING: CVM aprova o 1\u00ba ETF de Ethereum da Am\u00e9rica Latina, o QETH11.O ETF da QR Asset Management, gestora do grupo QR Capital, ser\u00e1 listado na B3, que se torna a 1\u00aa bolsa na Am\u00e9rica Latina a ter um ETF 100% Ethereum. pic.twitter.com\/idluRrN2zq- QR Capital (@qrcapital) July 13, 2021Local media claim that CVM approved a second cryptocurrency-focused, exchange-traded fund. The ticker QETH11 will be used for the Ethereum ETF, and it will appear on the country\u2019s stock exchange B3. It will use the CME CF Ethereum reference rates used by CME Group.Read: Goldman Sachs Report: Ethereum Has the Potential To Surpass Bitcoin As A Store Of ValueQR noted that the ETH ETF would be using \u201csecure institutional custody\u201d provided by Gemini, an American exchange owned by the Winklevoss Brothers.This is Brazil\u2019s second-approved cryptocurrency exchange fund. The Bitcoin ETF was approved by the Brazilian securities regulator in March. Canada has three BTC ETFs that are active within its borders. All of them were approved since the start of this year.On the other hand, US SEC continues to reject ETF applications and postpones the last attempts by VanEck Capital and SkyBridge Capital.Read: Swiss Bank Sygnum Becomes First Regulated Bank To Offer ETH 2.0 StakingMost Recently, Grayscale Investments selected BNY Mellon to be its asset service provider. This is a Grayscale preparation step to convert its Bitcoin\u2026<\/p>","protected":false},"excerpt":{"rendered":"
The Brazilian Securities Commission (CVM) has approved the first-ever Ethereum (ETH) exchange-traded fund (ETF) just a few months after the approval of the Bitcoin ETF.Ethereum (ETF) [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/4933"}],"collection":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/comments?post=4933"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/4933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/media?parent=4933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/categories?post=4933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/tags?post=4933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}