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Exchange-Traded Funds regarding the cryptocurrencies tend to provide the crypto investors exposure to the crypto-assets while providing them safeguard.
The popularity, adoption, and wide acceptance of cryptocurrencies like bitcoin, ethereum, and all other altcoins have resulted in the emergence of numerous ways for people to reach crypto. ETFs or Exchange Traded Funds are among such methods of creating safe passage for small scale investors and retail investors to institutional investors for crypto exposure. Recently the Brazilian stock exchange, which is known as B3, consists of Brasil, Bolsa, and Balcão will initiate contracts of trading futures for bitcoin within the time span of the upcoming three to six months, as per the report from Valor.
The CFO of the institution, André Milanez, said that their plan is to launch bitcoin futures in the coming three to six months. However, no details are offered on the situation, whether or not there were any partnerships of B3 lined up with the offer of their products or if any other company would be to provide infrastructure. This past January, there were reports that the director of information technology at B3, Jochen Mielke de Lima, stated the intentions of the exchange of releasing bitcoin (BTC) futures.
During the interview in January, Mielke outlined that B3 had been preparing to look into bitcoin and other cryptocurrencies since way back in 2016. However, the issue of determining the value of the assets against the dollar or the Brazilian real these are playing a quite confusing role in the determination of B3.
B3 Information Technology director said they are identifying the points of friction that they can help them solve to face it, like helping their customers who provide the best access belong to their end customers. There were several similarities that B3 noted between the equities market that included trade, custody, and settlement; they are all issued that the stock exchange believes it can offer its services for.
In his January interview, Mielke said that they have almost thirty national crypto brokers other than the international institutions that are operating here. He said they could offer a service for providing facilities and standardizing their relative operations. He also tends to believe that there is something worth exploring in order to provide custody services and the process for settlement.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
