BREAKING NEWS 🚨🚨🚨🚨🚨
Brazil's financial regulator has approved a second Solana ETF (exchange-traded fund), just weeks after greenlighting the first one. This new ETF will be offered by Hashdex, a Brazilian asset manager, in partnership with BTG Pactual, a local investment bank. Although the ETF is still in a pre-operational phase, it's a significant development for Solana's presence in Brazil.
This news comes as the US SEC (Securities and Exchange Commission) has been slow to approve Solana ETFs, despite approving Bitcoin and Ethereum ETFs earlier this year. Some experts believe that the chances of a Solana ETF being approved in the US this year are slim.
Despite these challenges, asset managers like VanEck remain committed to launching Solana ETFs. The approval of a second Solana ETF in Brazil shows growing interest in the cryptocurrency, and it will be interesting to see how this develops in the coming months.
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