Bitcoin ETF in Latam: Brazilian government gave green signal to exchange traded fund

Bitcoin ETF is the new way to enter the cryptocurrency investment market without making an actual investment in bitcoins. ETF (Exchange Traded Fund) allows potential investors a unique way to make an investment in bitcoins without purchasing them. 

 

The ETF (Exchange Traded Fund) keeps a track record of Bitcoin’s price and allows investors to buy and sell bitcoins through the stock exchange. With ETF investors can trade everyday in bitcoins through the normal trading platforms.

 

First Bitcoin ETF of Latin America has marked its debut on the Brazil Stock Exchange. The ETF is presented by a blockchain investment fund QR capital. QR Capital seeks to simplify the bitcoin trading process and reduce the risk proportions so that small investment firms can invest in bitcoin.

 

The exchange platform has already received a green flag from the Brazilian regulators. QR Capital is based in Latam it seeks to revolutionize the crypto trading method by using an ETF so that everyone can invest in bitcoin. The company is finding new ways to encourage individuals for this new age investment which holds the power of transition.

 

Several other countries are also exploring the new age investment through ETF platforms so that small business enterprises can invest in cryptocurrencies. Canada has also seen a rise in bitcoin based ETFs. The Canadian companies are looking forward to this new way as it instills faith in the minds of potential investors.

 

(Must Check: Digital Currency and Cryptocurrency: Types and Benefits)

 

QR Capital is charging a nominal fee of 0.75% from investors who will purchase and invest via ETF. The low costs will entice small enterprises to invest in bitcoins. Canada and Brazil have given a nod to the ETF platform but the US is apprehensive about this new investment model.

 

The Securities and Exchange Commission of USA has denied the requests to approve the Exchange Traded Fund. 

 

As reported by Bitcoin.com  Fernando Carvalho, CEO of QR Capital said,”  We can see the market maturing in its search for safer and simpler bitcoin exposure options. Our bitcoin ETF is a landmark for both financial and crypto markets, once it is the convergence point between them. The Brazilian investor has now a regulated and robust choice to buy bitcoin