Although there has been a step back for the US, processes for different cryptocurrencies continue and conclude in various countries. After BTC and ETH ETF approvals, investors were eyeing the third ETF approval that could attract global interest. The US is not ready for this yet, and we won’t see such a thing for XRP or SOL Coin anytime soon.
Solana ETF News
Solana (SOL) received ETF approval from Brazil-based asset manager Hashdex. The Brazilian Securities and Exchange Commission (CVM) announced the approval of the Hashdex application, made in partnership with investment bank BTG Pactual. According to the CVM database, the new Solana ETF, which is in the pre-operational stage, will be offered by Hashdex, which manages nearly $1 billion in assets.
Hashdex, which also applied for and received ETF approval in the US, is among the experienced companies in the ETF segment on the B3 Brazilian stock exchange. The clarification of rules in Europe and the US ETF approvals, along with Brazil not lagging behind, may enable investors familiar with traditional finance to move into this area more quickly.
