Brazil approves the second Solana ETF

2024-08-21 07:57:05

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ChainCatcher news, the Brazilian Securities and Exchange Commission (CVM) has approved the second Solana exchange-traded fund (ETF), as 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 in collaboration with Hashdex, a Brazilian asset management company managing over $962 million in assets, and 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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