The Brazilian Securities Regulator (CVM) approved a solana spot exchange-traded fund (ETF) on Tuesday, the second of its kind in the country. According to data from the CVM database, this new instrument will be offered by Hashdex, a Brazil-based cryptocurrency asset management company with nearly a billion in assets under management held locally, in partnership with BTG Pactual, one of Latam’s largest investment banks. The fund is currently in a pre-operational phase and will be launched later. Previously, the CVM had already approved another solana spot ETF, offered by QR and managed by Vortx.
Brazilian Securities Regulator Greenlights Second Solana Spot ETF
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