Second Solana ETF Approved in Brazil
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Brazil-based asset manager Hashdex, in collaboration with local investment bank BTG Pactual, is set to launch a new product.
The Brazilian Securities and Exchange Commission (CVM) has approved a second Solana exchange-traded fund (ETF), as noted in the agency’s central database.
According to the CVM database, the upcoming Solana (SOL) ETF, currently in a pre-operational phase, will be offered by Hashdex, which manages over $962 million in assets, in partnership with BTG Pactual.
Hashdex is well-established in the ETF market on the B3 Brazilian stock exchange, having previously launched products like the Nasdaq Crypto Index, as well as Bitcoin and Ethereum-based ETFs.
On August 8, the CVM approved the country’s first Solana ETF, which is being offered by another Brazil-based asset manager, QR Asset.