The Brazilian Securities Regulator, Comissão de Valores Mobiliários (CVM) gives approval for an Ether exchange-traded fund (ETF). The holding company of QR Asset Management, QR Capital, announced the approval.
Brazil’s prominent B3 Stock Exchange will be the platform for trading the fund under the ticker QETH11. The B3 platform also runs as both a regional exchange and a global customer service platform.
Just like CME Group, QETH11 will utilize the exact Ether index. Also, QETH11 will inculcate institutional custodial services from the Winklevoss twins’ Gemini.