A HISTORICAL STEP FOR SOLANA: THE WORLD'S FIRST SOLANA ETF COMES FROM BRAZILâŒïž
#Solanaâ©
Brazil has taken an important step in the crypto investment world by approving the world's first Solana-based ETF. This approval, granted by the Brazilian Securities and Exchange Commission (CVM) on August 7, 2024, is considered a major step towards wider adoption of Solana by global investors. This ETF will be launched under Brazilian leadership, managed by QR Asset and fund manager Vortx, and is awaiting final approval from the local stock exchange B3.
This new ETF will track the CME CF Solana Dollar Reference Rate, developed in collaboration with CF Benchmarks, powered by the Chicago Mercantile Exchange (CME). This step proves once again how important an asset Solana has become in the eyes of investors, leaving major cryptocurrencies like Bitcoin and Ethereum behind throughout 2024. QR Assetâs chief investment officer Theodoro Fleury emphasized that they are reinforcing Brazilâs goal of becoming a global leader in regulated crypto investments.
đ„đ„đ„ Brazil is consolidating its global leadership in crypto investments, leading to wider adoption of innovative assets like SolanaâŒïž
#Bitcoin #escoin #Bitcoin #elg $SOL $BTC $ETH
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