As a seasoned crypto investor with roots deeply entrenched in the South American market and a keen eye for emerging opportunities, I can’t help but feel a surge of excitement at the news of yet another Solana ETF approval by the Brazilian Securities and Exchange Commission (CVM). Having closely followed the growth trajectory of Brazil-based asset managers like Hashdex and QR Asset, it’s clear that they are making strategic moves to capitalize on the burgeoning crypto market.


According to their public records, the Brazilian Securities and Exchange Commission (CVM) has given its approval for another Solana-based exchange-traded fund (ETF).

Based on information from the CVM database, it appears that the upcoming Solana (SOL) ETF is being prepared for launch by Hashdex, a Brazilian asset management firm with approximately $962 million in assets under its management, in collaboration with local investment bank BTG Pactual during the pre-operational phase.

Hashdex is a seasoned participant in the Exchange Traded Fund (ETF) market on the B3 Brazilian stock exchange, with a history of introducing innovative products like the Nasdaq Crypto Index and ETFs that track Bitcoin and Ethereum.

On August 8th, it was announced that the CVM gave approval for the debut of Brazil’s first Exchange Traded Fund (ETF) based on Solana. This particular ETF is provided by the Brazilian asset manager, QR Asset.

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2024-08-20 22:46