The Brazilian Securities and Exchange Commission (CVM) has approved the second Solana (SOL) exchange-traded fund (ETF). The product is being launched by asset management firm Hashdex in collaboration with investment bank BTG Pactual. The decision comes a few weeks after the approval of Solana’s first ETF on August 8. While Brazil is making progress, the status of the Solana ETF in the United States is unclear.
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