Brazil becomes the second country to launch a Bitcoin ETF in the Americas

ronniechua/iStock via Getty Images Brazil becomes the second country inside the Americas to launch a bitcoin exchange traded fund. The Brazil Securities and Exchange Commission has authorized QR Capital’s bitcoin ETF to begin trading on the Sao Paulo-based B3 exchange. Per CoinDesk, Fernando Carvalho, CEO of QR Capital, stated that this date is a “historic moment for the cryptomarket and the conventional financial market as well.” QR Capital’s new crypto-based ETF will commence trading under the ticker “QBTC11”. The U.S. Securities and Exchange Commission has still not approved a bitcoin exchange traded fund as it recently delayed its rulings for the second time on VanEck. While the United States continues to drag its feet, other nations are making strides. Cryptocurrencies are extending their reach globally with now exchange traded funds in Canada and Brazil. Additionally, Coinbase Global enters Japan, poised to offer five cryptocurrencies. Currently, the volatile bitcoin (BTC-USD) is trading