Brazilian Stock Exchange approves two new crypto ETFs in Latin America
Cointelegraph
Published Mar 19, 2021 06:01PM ET
Updated Mar 19, 2021 07:40PM ET
The Brazilian Securities and Exchange Commission, or CVM, approved two cryptocurrency ETFs this week — one 100% Bitcoin and the other composed of five cryptocurrencies, in addition to Bitcoin (BTC).
For QR Asset Management, manager of the Bitcoin-only ETF, the product could accelerate the launch of a similar product in the United States, since the CVM, as well as the Securities and Exchange Commission, or SEC, are part of the International Organization of Securities Commissions, or IOSCO.
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Written By: Cointelegraph
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