This week is certainly historic for the Bitcoin market in Brazil, we had 2 ETFs approved by the Brazilian Securities and Exchange Commission (CVM) that will soon be traded on the São Paulo Stock Exchange. On Friday's Connection (Satoshi) (19) we will have the presence of Fernando Carvalho, the CEO of QR Capital to talk about this topic. QR Capital's product makes B3 the second exchange in the world to approve ETFs (Exchange Traded Funds) from Bitcoin, only Canada had accomplished this feat so far. As the holding company QR Capital explained in a thread on Twitter, QBTC11, will reference the index of Bitcoin CME CF Bitcoin Reference Rate futures contracts. This approval sets precedents for new ETFs around the world to be approved. This is because the Brazilian CVM and the Ontario Securities Commission, Canada, are part of IOSCO, the International Securities Organization, which the American SEC also integrates.
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But what exactly are the impacts of a Bitcoin ETF being traded on a stock exchange? What are the advantages and how can this influence the price of BTC in Brazil? That's what we're going to talk about today on Conexão Satoshi, live on YouTube, at 4 pm, where you can participate via chat by commenting or asking questions.In order not to lose at all, subscribe to the channel and activate the notification bell, see you there.
