Brazil insists on crypto again!

Brazil has just officially launched its second Solana ETF. This ETF is like a mutual fund that contains Solana (SOL) crypto assets. the cool thing is, the ETF is issued by a local Brazilian company, Hashdex. They are used to releasing other crypto ETFs like Bitcoin and Ethereum.

The first Solana ETF was actually approved on August 8th yesterday. This ETF is made by QR Asset Management. The difference is that this first ETF follows Solana's benchmark price made by the Chicago Mercantile Exchange (CME).

If the latest from Hashdex is not clear how to calculate the price. But what is clear is that both are still waiting for the green light from the Brazilian stock exchange so that they can be officially traded.

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