Brazil Approves Second Solana ETF
The Brazilian Securities and Exchange Commission (CVM) has approved the second Solana Exchange Traded Fund (ETF), which was disclosed in its central database. According to the CVM database, the new Solana (SOL) ETF is in the pre-operational stage and will be launched in partnership with Hashdex (an asset management company headquartered in Brazil that manages over $962 million in assets) and local investment bank BTG Pactual. Hashdex is an experienced player in the ETF field of the Brazilian B3 stock exchange and has already launched products such as the Nasdaq Crypto Index and ETFs based on Bitcoin and Ethereum. On August 8th, the CVM approved the country's first Solana ETF, issued by Brazilian asset management company QR Asset.
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
Crypto Prices Today: Bitcoin Holds Above $62K as Crypto Market Shows Resilience
JASMY Eyes Major Breakout as FET Aims to Reclaim $2 Price Target, Altcoins Reflect BTC’s Bullish Plan
Nayib Bukele meets Elon Musk at Tesla to discuss AI, future of humanity
Altcoins Moving Up: They Outperformed Bitcoin and Ethereum – Analysts Assessed the Situation
Following the FED's interest rate decision, it was observed that the market values of altcoins increased more than that of Bitcoin.