Loading...
Market
Story
Brazil Approves World's First Spot Solana ETF
Aug 8, 2024, 05:41 AM
The Brazilian Securities and Exchange Commission (CVM) has approved the launch of the world's first spot Solana (SOL) exchange-traded fund (ETF). This approval marks a significant milestone for the cryptocurrency market, as it is the first Solana-based ETF globally. The ETF is expected to begin trading in August and will be managed by QR Asset with support from CME Group. The ETF will track the CME CF Solana Dollar Reference Rate and is pending final approval from the Brazilian stock exchange, B3. It is anticipated to be live within 90 days. This development is seen as a bold step towards diversifying investment options in the cryptocurrency space.
View original story
Similar markets
21Shares Solana ETF • 50%
VanEck Solana ETF • 50%
SOL price increases by over 10% • 25%
SOL price increases by 5-10% • 25%
SOL price increases by less than 5% • 25%
SOL price decreases or stays the same • 25%
Increase by more than 20% • 25%
Increase by 10-20% • 25%
Increase by less than 10% • 25%
No significant change or decrease • 25%
Bitwise leads • 25%
VanEck leads • 25%
Canary Capital leads • 25%
Equal or other • 25%
VanEck • 33%
21Shares • 33%
Both simultaneously • 33%
Neither • 1%
Below $20 • 25%
$20 - $50 • 25%
$50 - $100 • 25%
Above $100 • 25%