Brazil's Securities Regulator Approves Another Solana ETF
CryptoNewsTerminal Staff20 Aug, 2024
Brazil's Securities Regulator Approves Another Solana ETF
Brazil's Securities and Exchange Commission (CVM) has approved a second Solana (SOL) exchange-traded fund (ETF). This new product will be offered through a collaboration between Hashdex and BTG Pactual, a local investment bank. The CVM had previously approved the launch of the world's first physical Solana ETF in August. The approval of these ETFs demonstrates the growing interest in digital asset investments in Brazil and the recognition of the potential of the Solana blockchain. Solana is a high-performance blockchain that offers fast and low-cost transactions, making it an attractive option for a variety of applications. The new ETFs will provide Brazilian investors with a convenient and regulated way to gain exposure to the Solana ecosystem.
