Andrés Engler was a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.
The Brazilian Securities and Exchange Commission has approved a Solana-based exchange-traded fund , the agency disclosed in its central database on Wednesday.According to CVM’s database, the Solana-based ETF is in a pre-operational stage, so it has yet to be approved by the Brazilian stock exchange, B3., a local news organization, added that the product would follow the CME CF Solana Dollar Reference Rate, created by CF Benchmarks with the support of the Chicago Mercantile Exchange .
Brazilian asset manager QR Asset will offer the ETF, while Vortx, a local fintech focused on capital markets, will serve as its manager, the report stated. “This ETF reaffirms our commitment to offering quality and diversification to Brazilian investors. We are proud to be global pioneers in this segment, consolidating Brazil's position as a leading market for regulated investments in crypto assets,” said Theodoro Fleury, manager and chief investment officer of QR Asset, in a statement, the report added.to let asset managers VanEck and 21Shares introduce a Solana-based ETF to the market, but the request has not been granted so far.
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