According to Odaily Planet Daily, the Brazilian Securities and Exchange Commission (CVM) has approved the spot Solana exchange-traded fund (ETF). The ETF was created by Brazilian asset management company QR Asset and operated by fund manager Vortx. It is currently in the pre-operation stage, awaiting approval from the Brazilian Stock Exchange B3. The ETF will reference the CME CF Solana USD reference rate created by CF Benchmarks and the Chicago Mercantile Exchange (CME).