Key Takeaways
- The Brazilian Securities and Exchange Commission has approved the first Solana ETF in Brazil.
- The move solidifies Brazil’s position as a leader in the crypto ETF market, following previous approvals for Bitcoin and Ethereum ETFs.
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Brazil’s first Solana exchange-traded fund (ETF) will launch soon after getting the nod from the Brazilian Securities and Exchange Commission (CVM), Exame, one of the country’s leading publications, reported Wednesday. The fund aims to provide Brazilian investors with diversified exposure to Solana (SOL).
The ETF is issued by QR Asset Management, Brazil’s leading asset manager, and managed by Vortx, a key player in the country’s fintech scene. QR Asset has over R$876 million in assets under management and has over 100,000 direct and indirect clients, according to the firm’s website.
“This ETF reaffirms our commitment to offering quality and diversification to Brazilian investors. We…
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