Brazilian Authorities Approve Second Solana ETF

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The Brazilian Securities and Exchange Commission (CVM) has approved a second Solana exchange-traded fund (ETF).

The new Solana ETF, which is currently in a pre-operational phase, will be offered by Hashdex, a Brazil-based asset manager, in partnership with the local investment bank BTG Pactual. 

Hashdex is a seasoned player in the ETF segment on the B3 Brazilian stock exchange, having launched products like the Nasdaq Crypto Index and ETFs based on Bitcoin and Ethereum.

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