ChainCatcher news, according to Cointelegraph, the Brazilian Securities and Exchange Commission (CVM) has approved the first Solana spot ETF. This investment product is provided by the Bitcoin and Ethereum ETF management company QR and will be managed by Vortx. Currently, the ETF is still in the preliminary operation stage and needs to obtain approval from B3 due to regulatory reasons, with a launch expected within 90 days at most.

ChainCatcher news, according to Bitcoin.com, the Brazilian Securities and Exchange Commission (CVM) may establish a regulatory department for the cryptocurrency market. In October 2022, the Brazilian Securities and Exchange Commission released a new guidance document that defined different classifications for existing cryptocurrency assets, specifying which assets can be considered securities. (Source link)