Brazil Approves Second Solana ETF with Hashdex and BTG Pactual

Aug 21, 2024, 04:01 AM

The Brazilian Securities and Exchange Commission (CVM) has approved the launch of a second Solana-based exchange-traded fund (ETF). This new financial product will be managed by Brazil-based asset manager Hashdex, in partnership with local investment bank BTG Pactual. The approval follows the CVM's earlier authorization of the first Solana ETF in Brazil on August 8. Hashdex, which manages over $962 million in assets, is set to expand its offerings in the Brazilian market with this latest ETF.