2024-08-29 16:40:54
Investing.com – QR Asset Management has announced that the world’s first Foreign Trade Fund (ETF) will launch on the Brazilian stock exchange this Thursday (29). Therefore, investors can now invest in QSOL11, which is available on B3 (BVMF:). The Securities and Exchange Commission (CVM) approved the ETF at the beginning of this month, and the public offering raised R$15.5 million.
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“It is interesting to note that the funding from the QSOL11 offering was about 15% of what we raised with QBTC11, the first ETF in Latin America. Today, Solana has about 6% of the Bitcoin market size, so this flow shows us that even smaller assets, like Solana, are still meeting the market demand”, compared to Murilo Cortina , commercial director at QR Asset, when he mentions that Solana Solana still has a lot of growth potential in the crypto ecosystem.
Shares of the ETF start at R$10 and the ETF uses as a reference the Solana CME CF Dollar Reference Rate, an index developed by CF Benchmarks with the support of the Chicago Mercantile Exchange (CME).
QR Asset Management was responsible for the creation of one of the first actively managed cryptocurrency multi-market funds in Latin America, QR Blockchain Assets I FIM, as well as the launch of the first spot bitcoin ETF, QBTC11, and also the first spot ETF from Latin America , QETH11. This is the third spot ETF created by the manager. The manager also has an ETF focused on the DeFi ecosystem, QDFI11.
“Solana is a next-generation blockchain known for its scalability and efficiency, with a market capitalization that places it among the largest currencies in the world. By offering an ETF based on Solana, we offer investors a safe, regulated and efficient way to access the potential of this revolutionary technology”, says Theodoro Fleury (BVMF:), manager and investment director at QR Asset Management .
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