Second Spot Solana ETF Approved in Brazil

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Second Spot Solana ETF Approved in Brazil

SolanaSecond Spot Solana ETF Approved in BrazilTable of ContentsBrazil's CVM Approves Second Spot Solana ETFUS Spot Solana ETF Efforts Face Delays Amid Brazil's AdvancementKey Points:Brazil’s CVM approved another spot Solana ETF, set to be launched by asset manager Hashdex in partnership with BTG Pactual. Hashdex is a leading player in Brazil’s ETF market, with a history of launching cryptocurrency-based funds on the B3 stock exchange. In the U.S., efforts to launch spot Solana ETFs face delays, but VanEck remains optimistic about eventual approval, following Brazil’s lead.The Brazilian Securities and Exchange Commission (CVM) has green-lighted a second Solana exchange-traded fund.Second Spot Solana ETF Approved in BrazilRead more: Spot Solana ETF Filings Have Now Disappeared, Raising Suspicions of Issuer WithdrawalBrazil's CVM Approves Second Spot Solana ETFThe fund will be a new spot Solana ETF still in its pre-operational phase, and Hashdex, one of the largest asset managers in Brazil, is expected to launch this ETF in collaboration with a local investment bank BTG Pactual.Hashdex is already a major player in the ETF market on Brazil's B3 stock exchange, having listed a Nasdaq Crypto Index fund as well as ETFs pegged to the price of Bitcoin and Ether.Earlier this month, the CVM approved Brazil's first spo Solana ETF developed by QR Asset, another Brazilian asset manager, and administered by Vortx. The CVM move, in that case, comes to be an effective boost in expanding access to cryptocurrency investment products within Brazil.$SOL