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.