2024-08-08
The Brazilian Securities and Exchange Commission (CVM) approved
the world’s first spot Solana ETF on August 7, 2024.
The spot Solana ETF managed by QR Asset and
with operations handled by Vortx is a significant innovation in the
cryptocurrency investment space. It’s designed to track the CME CF Solana
Dollar Reference Rate, providing investors with exposure to Solana through a
regulated financial product.
This ETF is expected to start trading within approximately 90
days, pending for final approval from Brazil’s main stock exchange, B3.
This positions Brazil as a leading market for regulated
crypto investments, potentially paving the way for similar approvals in other
countries.
