First Bitcoin ETF in Latam Debuts on Brazil Stock Exchange
The first Bitcoin ETF in Latin America made its debut yesterday on the Brazil Stock Exchange. Presented by QR Capital, a Brazilian blockchain investment firm, the ETF seeks to simplify Bitcoin exposure for institutions and companies. The ETF was approved by Brazilian regulators and is currently trading with the QBTC11 ticker. Bitcoin ETF Makes It in Brazil The first Bitcoin ETF initiative in Latam is already listed on the Brazilian stock exchange. Conceived by QR Capital, a blockchain investment firm and asset manager, its objective is to simplify Bitcoin access for institutions. This....
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Regulators from the CVM, the securities watchdog of Brazil, have approved the first Ethereum-based ETF in Latin America (Latam). The product, presented by blockchain investment company QR Asset, aims to simplify the task of getting Ether exposure for retail and institutional investors. It will be traded with the QETH11 ticker on the B3 stock exchange. Brazil to Debut First Ethereum ETF in Latam Brazil will be the first country in Latam that will trade an Ethereum-based ETF. The Brazilian securities regulator has approved the proposal of QR Asset, a blockchain investment firm, to offer an....
The Spanish cryptocurrency exchange Bit2me is taking interest in getting into the Latam market. The company has launched its operations in Brazil by introducing an office in the country that will deal with compliance issues to make the exchange a safe option for Brazilians. The exchange aims to successfully tackle the 20-million-customer market in the country.
Bit2me Expands to Brazil With Latam as Target
Bit2me, one of the most recognized Spain-based exchanges, is taking steps to expand to Latam. The exchange announced the establishment of a new office in Brazil, which will be....
Nubank, a Brazil-based digital bank, has announced a new milestone in its operations. The company announced that it has reached 70 million customers in Latam, making it one of the biggest financial institutions of its kind in Brazil. The company also announced that almost 2 million of its customers are cryptocurrency investors.
Nubank Reaches 70 Million Customers; Crypto Customers Reach 1.8 Million
Latam has become fertile ground for companies providing alternative finance and cryptocurrency-based services, due to its unique set of circumstances. Nubank, a Brazil-based digital....
CI Global Asset Management has begun to trade on the Toronto Stock Exchange in Canada. The fund’s initial public offering managed to raise $72 million and units commenced trading in both U.S. dollars and Canadian dollars. CI Global Fund Begins Trading CI Global Asset Management has made it known that it has completed the initial public offering of the CI Galaxy Bitcoin Fund. According to the press release, $72 million was raised from the listing. Initially, the fund had different classes such as class A, class C, and class F. However, regardless of their class, each share unit was....
Moody’s, the asset quality rating agency, has warned the high rate of inflation that some countries are facing in Latam will affect the economic recovery in the region. Brazil, Chile, and Mexico are said to be the countries more affected by this phenomenon, and their recovery will depend on other factors to attenuate the effects of inflation.
Moody’s States Latam Spending Recovery Might Be Hampered by Inflation
Inflation is becoming a problem in several countries of Latam and the world, putting a dent in the recovery predictions of many countries after the Covid-19....