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Brazil Approves World's First Spot Solana ETF with CME Group, Trading Starts in August
Aug 7, 2024, 09:23 PM
The Brazilian Securities and Exchange Commission (CVM) has approved the launch of the world's first spot Solana (SOL) ETF. This groundbreaking financial product will be introduced in partnership with the CME Group and is expected to commence trading in August. The approval marks a significant milestone for the cryptocurrency market, as it represents the first instance of a Solana ETF being available globally. The ETF is anticipated to be live within 90 days, offering investors a new avenue to engage with Solana's blockchain technology.
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