Brazil approves the second Solana ETF

2024-08-21 07:57:05

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ChainCatcher news, the Brazilian Securities Commission (CVM) has approved the second Solana exchange-traded fund (ETF), which the agency disclosed in its central database.

According to the CVM database, the new Solana (SOL) ETF is in the pre-operational phase and will be launched by Brazil's Hashdex (an asset management company based in Brazil managing over $962 million in assets) in partnership with local investment bank BTG Pactual.

It is reported that Hashdex is an experienced player in the ETF space on the B3 stock exchange in Brazil, having launched products such as the Nasdaq Crypto Index and ETFs based on Bitcoin and Ethereum.

Previously, on August 8, the CVM approved the country's first Solana ETF, issued by Brazilian asset management company QR Asset.

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Brazil Solana ETF Hashdex

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