QR Capital to Launch First Latin American Bitcoin ETF on June 23

According to Bitcoinschannel, Latin America’s largest asset manager QR Capital is preparing to launch the continent’s first bitcoin ETF, which will reportedly be available on the Brazilian stock exchange on June 23rd, in conjunction with BTG Pactual, Easyinvest, Órama, Vitreo, Modal Mais, and Inter. The new bitcoin ETF will use the CME CF bitcoin reference rate, the same index that the CME uses for its bitcoin futures contracts. QR Capital claims that the new bitcoin ETF will help investors who are not eligible to invest in a 100% allocation to BTC funds under the new guidance from the Brazilian Securities and Exchange Commission (CVM).

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