Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Giants’ Willy Adames ends crazy drought with San Francisco history not done since Barry Bonds
    • Mexican government unveils $540M industrial hub to lure investments
    • ‘People Might Be Underestimating Demand For Spot XRP ETFs,’ ETF Expert Says As CME XRP Futures Set Open Interest Record
    • SoftBank, Rakuten tap Japan’s booming retail demand for bonds
    • Financial advice about living trusts, capital gains and COBRA
    • What is Expense Ratio in Mutual Funds? – Money Insights News
    • Billionaires Buy 2 Magnificent Index Funds That a Wall Street Analyst Says Could Soar 132%
    • not the FTSE 100 or S&P 500)
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»ETFs»Solana-Based ETF Approved in This Country: Report
    ETFs

    Solana-Based ETF Approved in This Country: Report

    August 8, 2024


    Brazil’s Securities and Exchange Commission (CVM) has approved the country’s first Solana-based exchange-traded fund (ETF).

    The approval, granted on August 7, positions Brazil ahead of other countries, particularly the United States, where the process of approving Solana ETFs remains in its early stages with uncertain prospects.

    Brazil’s Solana ETF Receives Preliminary Approval

    According to Exame, a local news outlet, the newly approved Solana ETF is currently in the preparatory stage and still needs the green light from the Brazilian stock exchange, B3, before its official launch.

    Created by QR Asset and managed by Vortx, the ETF does not yet have a confirmed date for its approval and entry into the Brazilian market.

    Commenting on the approval, Theodoro Fleury, QR Asset’s Manager and Investment Director said, “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.”

    This ETF will be indexed against the CME CF Solana Dollar Reference Rate, developed by CF Benchmarks in collaboration with the Chicago Mercantile Exchange (CME).

    The approval marks an advancement in Brazil’s crypto investment landscape, adding to the country’s existing funds in Ether and Bitcoin and its multi-asset funds that cover various cryptocurrencies since 2021.

    Solana ETF Speculation

    The CVM’s green light comes amid growing anticipation in the market regarding potential Solana ETF approvals in the United States. Earlier this year, the U.S. Securities and Exchange Commission (SEC) greenlighted Bitcoin ETFs in January and Ether ETFs in June.

    The latter’s approval was particularly unexpected, as Ether had previously been classified as a security rather than a commodity. This shift has led investors and analysts to wonder if Solana might receive similar ETF approval based on this new interpretation.

    Several asset managers, including VanEck and Franklin Templeton, have expressed interest in launching Solana ETFs in the U.S. In July, Cboe formally requested the SEC to allow VanEck and 21Shares to introduce a Solana-based ETF.

    Despite these efforts, the chances of approval remain uncertain. JPMorgan indicates that the SEC’s current classification of Solana and other cryptocurrencies as securities reduces the likelihood of such approvals in the near future.

    On the other hand, a recent GSR Markets research shows that support from figures like former President Trump has eased Democratic opposition, leading to bipartisan backing for crypto regulations and paving the way for Solana ETF approvals.

    SPECIAL OFFER (Sponsored)

    Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

    LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    ‘People Might Be Underestimating Demand For Spot XRP ETFs,’ ETF Expert Says As CME XRP Futures Set Open Interest Record

    August 31, 2025

    not the FTSE 100 or S&P 500)

    August 30, 2025

    Ethereum ETFs Close Out August With $164 Million In Outflows

    August 30, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Giants’ Willy Adames ends crazy drought with San Francisco history not done since Barry Bonds

    August 31, 2025

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    The Evolution of Art and Art Investments: A Historical Perspective on Fruitful Returns and Wealth Management

    August 21, 2023
    Don't Miss
    Bonds

    Giants’ Willy Adames ends crazy drought with San Francisco history not done since Barry Bonds

    August 31, 2025

    Giants’ Willy Adames ends crazy drought with San Francisco history not done since Barry Bonds…

    Mexican government unveils $540M industrial hub to lure investments

    August 31, 2025

    ‘People Might Be Underestimating Demand For Spot XRP ETFs,’ ETF Expert Says As CME XRP Futures Set Open Interest Record

    August 31, 2025

    SoftBank, Rakuten tap Japan’s booming retail demand for bonds

    August 31, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Investment management hits £10tn AUM in 2024

    August 13, 2025

    Games Investment Crawls Back In Play In Second Quarter, Up 32 Percent

    August 15, 2024

    MF Query: How to turn Rs 10,000 monthly SIPs into a Rs 5 crore retirement fund

    October 19, 2024
    Our Picks

    Giants’ Willy Adames ends crazy drought with San Francisco history not done since Barry Bonds

    August 31, 2025

    Mexican government unveils $540M industrial hub to lure investments

    August 31, 2025

    ‘People Might Be Underestimating Demand For Spot XRP ETFs,’ ETF Expert Says As CME XRP Futures Set Open Interest Record

    August 31, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    ₹10,000 monthly SIP in this debt mutual fund has grown to over ₹70 lakh in 23 years

    June 13, 2025

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.