The Brazilian Stock Exchange (B3) has approved the first crypto ETFs in Latin America and leading to a new milestone for the market. It has been reported that for QR Asset Management, manager of the Bitcoin-only ETF, the product could accelerate the launch of a similar product in the United States, since the CVM (Brazilian Securities and Exchange Commission), as well as the Securities and Exchange Commission (SEC) is part of the International Organization of Securities Commis
Glassnode, the crypto data provider, has reported that the Purpose Bitcoin exchange-traded fund (ETF) has reached $564 million in assets under management, an impressive feat considering the fund, which launched seven days ago. Just a few days after the world's first #Bitcoin ETF started trading, its holdings are at 8,288 BTC – 2,251 were added yesterday alone.
The ETF's AUM has crossed half a billion USD, currently sitting at $564M.
Charts: https://t.co/gupWslpJDR pic.twitt
Some of the investment firm executives have debated the likelihood of the US Securities and Exchange Commission (SEC) licensing a US-based Bitcoin (BTC) exchange-traded fund (ETF) during a CNBC broadcast on March 7. #RetailDemand May Force the #SEC to #Approve a #BitcoinETF by Samuel Haig https://t.co/iD00Bz1Do4 via @cointelegraph
— Froi (@Troubledplanet)
March 8, 2020 It has been reported that the discussion follows the SEC’s recent rejection of its last pending Bitcoin ETF