Brazil Approves Second Solana ETF

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 a pre-operational phase and will be launched by Hashdex, a Brazil-based asset management company managing over $962 million in assets, in collaboration with local investment bank BTG Pactual. Hashdex is an experienced participant in the ETF sector of B3 Stock Exchange of Brazil, having already launched products such as Nasdaq Crypto Index and Bitcoin- and Ethereum-based ETFs. On August 8th, CVM approved the country's first Solana ETF issued by Brazilian asset management company QR Asset.