News Explorer — Solana ETFs Are Now a Thing—In Brazil

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Aug 8, 11:15 am

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Solana ETFs Are Now a Thing—In Brazil

Brazil's Securities and Exchange Commission (CVM) has approved a spot Solana exchange-traded fund (ETF), making Brazil a leading market for regulated investments in crypto assets. The ETF, created by QR Asset and operated by Vortx, will reference the CME CF Solana Dollar Reference Rate. This approval puts Brazil ahead of the U.S. in the race to bring a spot Solana ETF to market.

Brazil's Securities and Exchange Commission (CVM) has approved a spot Solana exchange-traded fund (ETF), making Brazil a leading market for regulated investments in crypto assets. The ETF, created by QR Asset and operated by Vortx, will reference the CME CF Solana Dollar Reference Rate. This approval puts Brazil ahead of the U.S. in the race to bring a spot Solana ETF to market.

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