Brazil Approves Second Solana ETF

Bitget App

Trade smarter

Cointime2024/08/21 02:01

By:Cointime

The Brazilian Securities and Exchange Commission (CVM) has approved the second Solana Exchange Traded Fund (ETF), which was disclosed in its central database. According to the CVM database, the new Solana (SOL) ETF is in the pre-operational stage and will be launched in partnership with Hashdex (an asset management company headquartered in Brazil that manages over $962 million in assets) and local investment bank BTG Pactual. Hashdex is an experienced player in the ETF field of the Brazilian B3 stock exchange and has already launched products such as the Nasdaq Crypto Index and ETFs based on Bitcoin and Ethereum. On August 8th, the CVM approved the country's first Solana ETF, issued by Brazilian asset management company QR Asset.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

European Central Bank President Christine Lagarde said bitcoin is not an option as a reserve asset for the Eurozone’s central bank reserves, citing liquidity, security and regulatory concerns.Meanwhile, the Czech National Bank approved a proposal from Governor Aleš Michl to assess diversifying some of its country’s reserves into bitcoin.

The Block•2025/01/30 21:34

'Inevitable collapse': Trump’s crypto push sparks concern at Paul Singer's Elliott Management: FT

The hedge fund said in a new investor letter that the “inevitable collapse” of the crypto bubble “could wreak havoc,” according to the Financial Times.Elliott’s Paul Singer has never been a fan of crypto, telling WSJ in 2023 that cryptocurrencies are “completely lacking in any value.”

The Block•2025/01/30 21:34