Brazil Stock Exchange Lists Bitcoin ETF
Blockchain investment firm QR Capital’s exchange-traded fund (ETF) started trading on the Brazil stock exchange June 24th, 2021. The QR Capital's bitcoin ETF trades on the Sao Paulo B3 exchange, ticker QBTC11. It was approved by the Brazil Securities and Exchange Commission.
This Brazil ETF made big news
News stories were published in three different news sites today. While Canada has the first Bitcoin ETF, this ETF is the first Bitcoin ETF in Latin American.
Additionally Dubai launched a Bitcoin ETF
According to Yahoo Finance, another country, this time in the Middle East, has launched a Bitcoin ETF. The Dubai Bitcoin ETF launched today; June 24th. According to reports, the Canadian firm 3iQ assisted the Nasdaq Dubai Bourse in developing this project.
Bitcoin Mass Adoption continues.
This development is one of many historic developments for Bitcoin this year, indicating the widespread adoption of Bitcoin by main street financial institutions.
One small step for Bitcoin, one small step for cryptocurrency.
The financial services world adopting Bitcoin is just the beginning of the centralized investment worlds foray into cryptocurrency. Custodial accounts already exist for Bitcoin, Ethereum and others. Custodial accounts for customers interested in decentralized finance are on the horizon. Soon a US Bitcoin ETF will be developed.
The world is coming to cryptocurrency, and many people are going to join us.
Last Words
This is good not just, for Bitcoin, but for all Cryptocurrency. Today mass adoption for Bitcoin, tomorrow other altcoins?
✍️ by @shortsegments
Shortsegments is a writer focused on cryptocurrency, the blockchain, non-fungible digital tokens or NFTs, and decentralized finance, where finance meets technology.
Read more of shortsegments articles here: https://leofinance.io/@shortsegments
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