ChainCatcher reported that the Brazilian Securities and Exchange Commission (CVM) has approved the second Solana exchange-traded fund (ETF), the agency disclosed in its central database.
According to the CVM database, the new Solana (SOL) ETF is in the pre-operational stage and will be launched by Hashdex, a Brazil-based asset manager with over $962 million in assets under management, in partnership with local investment bank BTG Pactual.
It is reported that Hashdex is an experienced player in the ETF field of Brazil's B3 Stock Exchange and has launched products such as the Nasdaq Crypto Index and ETFs based on Bitcoin and Ethereum.
Previously, on August 8, the CVM approved the country’s first Solana ETF, issued by Brazilian asset management company QR Asset.
