Ethereum Prices Might Go Under $2,000 In The Near Future.
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Two New Crypto ETFs Approved By Brazilian SEC.
2021-03-20 | Mike Hallen
“Our ETF, to be traded with the QBTC11 ticker, might be a milestone within the Brazilian market. The asset finishes up acting as a double hedge, as it might be a digital commodity and at an equivalent time, it's traded in dollars on the global market. Its price is unrelated with other asset classes, which suggests that it's increasingly being adopted by large managers and investors within diversified portfolios.”Hashdex's ETF will replicate the NCI [Nasdaq Crypto Index], an index developed by Nasdaq and Hashdex. Earlier in September last year, the Brazilian Hashdex got approval from the Bermuda regulator and alongside Nasdaq, approved the world's first Bitcoin ETF - the Hashdex Nasdaq Cryptocurrency Index ETF. Beyond Brazil, the sole country to approve its own Bitcoin ETFs is Canada. NCI consists of 6 crypto assets: Bitcoin [BTC], Ethereum [ETH], Stellar [XLM], Litecoin [LTC], Bitcoin Cash [BCH] & Chainlink [LINK], and is rebalanced quarterly. Custody of Hashdex's assets is formed by firms like BitGo, Coinbase, Fidelity, and Gemini, which are all mediated and controlled within the USA.
