Brazilian Securities and Exchange Commission approves Solana-based ETF, first of its kind in Brazil
The Brazilian Securities and Exchange Commission (CVM) has given its approval to a Solana-based exchange-traded fund (ETF), making it the first of its kind in Brazil and one of the first Solana-based exchange-traded products (ETPs) worldwide. The ETF is currently in a pre-operational stage and still requires approval from the Brazilian stock exchange, B3. The product will follow the CME CF Solana Dollar Reference Rate, which was created by CF Benchmarks with the support of the Chicago Mercantile Exchange (CME), according to local news organization Exame.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CandyBomb x DEBIT: Trade to share 45,000 USDT
Bitget Will Support the BounceBit (BB) Contract Swap
Hold USDGO for dual perks, earn up to 30%+ APR!
Bitget Has Completed the Vanar Chain (VANRY) Contract Swap
Crypto prices
More
