Footsteps of the Solana ETF in the US? 2nd Approval Arrives
The Brazilian Securities and Exchange Commission (CVM) has given the green light to a second Solana ETF.
The approval, announced on the CVM’s central database, opens the way for broader access to Solana (SOL) investments for Brazilian investors.
Currently in the pre-operational phase, the newly approved Solana ETF will be managed by Hashdex, a leading asset management firm based in Brazil. Hashdex, which has over $962 million in assets, has partnered with local investment bank BTG Pactual to offer this latest ETF.
Hashdex is no stranger to the ETF market on the B3 Brazil exchange. The firm has previously launched several successful cryptocurrency-related products, including the Nasdaq Crypto Index as well as ETFs based on Bitcoin and Ethereum.
This latest approval follows CVM’s decision to approve the country’s first Solana ETF, offered by another Brazil-based asset manager, QR Asset, on August 8.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sui (SUI) Soars Following Key MA Breakout – Can Ondo (ONDO) Do the Same?
Has PEPE’s Comeback Begun? Familiar Fractal Setup Signaling an Upside Move
JasmyCoin (JASMY) Mirrors Past Bullish Breakout Setup — Is a Major Move Ahead?
Trending news
MoreCrypto prices
More
