The
Brazilian
Securities
and
Exchange
Commission
(CVM)
has
approved
a
second
Solana
exchange-traded
fund
(ETF),
the
agency
disclosed
in
its
central
database.
According
to
the
CVM
database,
the
new
Solana
(SOL)
ETF,
which
is
in
a
pre-operational
phase,
will
be
offered
by
Brazil-based
Hashdex
—
a
Brazil-based
asset
manager
with
over
$962
million
in
assets
under
management
—
in
partnership
with
the
local
investment
bank
BTG
Pactual.
Hashdex
is
an
experienced
player
in
the
ETF
segment
on
the
B3
Brazilian
stock
exchange,
having
already
launched
products
such
as
the
Nasdaq
Crypto
Index
as
well
as
Bitcoin
and
Ethereum-based
ETFs.