History is made again in Latin America, as Brazil launches Bitcoin ETF
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?
Hello @shortsegments, Thank you for informing us of this very recent news, I am glad to know that Brazil in Latin America is entering this area, great progress for the penetration of the BTC market in South America.
Your welcome. These are very exciting times, and I am so happy for these countries to have the chance to bring these tools of prosperity to their people.
hello @shortsegments,
BTC needs all the help it can get to prevent the price from plummeting after China's strong policies, for now the value of BTC does not look encouraging, but the fact that big countries like Brazil and India are giving BTC oxygen may offset what China is doing and the value of BTC will stabilise its trend.
Thank you for sharing such a informative article, keep sharing and stay safe @shortsegments
Thank you!
You are most welcome my friend 😊 @shortsegments
This is a good news in this red market , we are seeing some green signals also in the market. It's a new rise for the new ATH.
Yes I agree there are signs of life in this market. We may still more bullish action.
Cryptocurrency adoption is indeed increasing with more users and institutions embracing the new digital technology thanks for sharing.
Hi @shortsegments
Interesting choice of topic buddy. One that attracted my attention right away :)
I've been living in strong belief, that crypto and bitcoin will grow in terms of price and adoption mostly because of less developed countries, where central banks do not play such a crutial role.
And it seem to be clear, that region of south-america is moving in that direction faster than anyone expected.
Have a great monday ahead :)
Yours, Piotr
Thank you. I have high hopes for Bitcoin Beach and it’s progeny.