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Author: Admin | 2025-04-28
ETF, another first ETF tracking the performance of Ether. This fund was launched on April 20th 2021 and held more than CAD 312M or 65636 ETH under management.Evolve Bitcoin ETF (EBIT), managed by Evolve Funds Group Inc., was cleared for launch by the OSC on February 16th 2021. The fund was listed on the 19th, just a day after the Purpose Bitcoin ETF started trading on the TSX exchange. The fund manages $171 million.3iQ CoinShares Bitcoin ETF (BTCQ) shares are listed on the TSX exchange under the ticker symbols BTCQ (unhedged) and BTCQ.U (hedged against the US Dollar). The fund was listed on April 19th 2021 by 3iQ Corp in partnership with London-based CoinShares. So far, the fund has over $217 million in assets under management.Bitcoin ETF in Brazil and DubaiBrazil got its first Bitcoin ETF in June 2021, launched by Rio asset manager QR Asset Management. Shares of the fund are listed on Sao Paulo-based B3 exchange under the ticker symbol QBTC11. The fund tracks the performance of the CME Group index of Bitcoin futures contracts.QR Capital received the approval to launch the fund in March 2021 from the Brazil Securities and Exchange Commission (CVM).In July, 2021 QR Capital received another approval from the CVM to launch an Ether ETF that tracks the performance of Ether cryptocurrency. The fund would launch similar to the Bitcoin ETF, listing the shares on the B3 exchange under the ticker symbol QETH11.Another Bitcoin ETF available to Brazilian investors is the Hashdex Nasdaq Bitcoin Reference Price Index Fund trading on the B3 exchange under the ticker symbol BITH11. The fund was launched in July by Brazilian asset manager Hashdex.For investors in the Middle East and North Africa (MENA), 3iQ Corp has dual-listed its Bitcoin fund on the Nasdaq Dubai international exchange. The shares of this fund are listed under the ticker symbol QBTC and function just like its Canadian counterpart.Pros and Cons of Crypto ETFsThe benefits of investing in a Bitcoin or Ether ETF over a direct investment in the underlying asset are numerous. On the flip side, however, there are some drawbacks.ProsConvenience –
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