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Brazil Becomes Second Country in the Americas to Approve a Bitcoin ETF
The Brazil Securities and Exchange Commission (CVM) has approved QR Capital's bitcoin ETF which will trade on the Sao Paulo-based B3 exchange.
Updated Mar 9, 2024, 2:01 a.m. Published Mar 19, 2021, 3:55 p.m.
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Brazil has become the second country in the Americas to approve a bitcoin exchange-traded fund (ETF) following the three launched in Canada this year.
- The Brazil Securities and Exchange Commission (CVM) has approved blockchain investment firm QR Capital's bitcoin ETF which will trade on the Sao Paulo-based B3 exchange.
- The fund will trade under the ticker QBTC11, QR capital tweeted Friday.
- "The QBTC11 will have as reference the CME Group index of bitcoin futures contracts," QR said.
- Reuters reported Friday the ETF listing will take place by June.
- This will be the fourth ETF of its kind following the three funds that launched on the Toronto Stock Exchange (TSX) in February and March.
- The first of these, launched by Purpose Investments, saw inflows of $564 million in its first two days. (Purpose's ETF uses index information from TradeBlock, a CoinDesk subsidiary.)
- The U.S. Securities and Exchanges Commission (SEC) yesterday acknowledged VanEck's application to launch a bitcoin ETF, which, if approved, would be the first of its kind in the U.S.
See also: Valkyrie Files for an ETF That Would Invest in Firms With Bitcoin on Their Balance Sheets
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Abu Dhabi wealth funds bitcoin ETF holdings topped $1 billion at end of 2025
Both Mubadala Investment Company and Al Warda Investments lifted investments in BlackRock's iShares Bitcoin ETF (IBIT) in the fourth quarter.
What to know:
- Two major Abu Dhabi investment firms, Mubadala Investment Company and Al Warda Investments, increased their holdings of BlackRock’s iShares Bitcoin Trust (IBIT) in the fourth quarter of 2025 as bitcoin’s price fell.
- Mubadala lifted its IBIT stake to 12.7 million shares and Al Warda to 8.2 million shares.
- Together, they held a combined position that exceeded $1 billion at the end of 2025 but has since declined to just over $800 million amid further bitcoin losses in 2026.
