Brazil will list the first ether exchange-traded fund in Latin America.
The ETF is called QETH11 and will trade on the B3 stock exchange in Sao Paulo, said QR Capital, a blockchain investment firm and the holding company of QR Asset Management which will administer the fund.
The ETF tracks the CME CF Ether Reference Rate, an ethereum index used by the exchange operator CME Group, and the fund will buy physical ethereum and carry out custodial duties.