TechFlow reports that the Brazilian Securities and Exchange Commission (CVM) has approved the country's second Solana exchange-traded fund (ETF). According to data from the CVM database, this new Solana (SOL) ETF is currently in the pre-operational phase and will be launched by Brazilian asset management firm Hashdex in partnership with local investment bank BTG Pactual. Hashdex has extensive experience in ETFs on Brazil's B3 stock exchange, managing over $962 million in assets, and has previously launched products including a Nasdaq Crypto Index ETF as well as Bitcoin and Ethereum ETFs.
Notably, the CVM approved Brazil's first Solana ETF on August 8 (Beijing time), launched by Brazilian asset manager QR Asset.
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