According to CoinDesk, the Brazilian Securities and Exchange Commission (CVM) has approved a second Solana exchange-traded fund (ETF), as disclosed in its central database. The new Solana ETF, currently in a pre-operational phase, will be offered by Brazil-based asset manager Hashdex in partnership with the local investment bank BTG Pactual. Hashdex, which manages over $962 million in assets, is an experienced player in the ETF segment on the B3 Brazilian stock exchange, having previously launched products such as the Nasdaq Crypto Index and Bitcoin and Ethereum-based ETFs. On August 8, the CVM approved the country’s first Solana ETF, offered by Brazil-based asset manager QR Asset.
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