The Brazilian Securities and Exchange Commission (CVM) has approved a second Solana exchange-traded fund (ETF), the agency disclosed in its central database.

According to the CVM database, the new Solana (SOL) ETF, which is in a pre-operational phase, will be offered by Brazil-based Hashdex — a Brazil-based asset manager with over $962 million in assets under management — in partnership with the local investment bank BTG Pactual.

Hashdex is an experienced player in the ETF segment on the B3 Brazilian stock exchange, having already launched products such as the Nasdaq Crypto Index as well as Bitcoin and Ethereum-based ETFs.

On Aug. 8,the CVM approved the country's first Solana ETF, this one offered by Brazil-based asset manager QR Asset.

Brazil Solana ETF Hashdex BTG Pactual

Andrés Engler

Andrés Engler is a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He follows the regional scene of startups, funds and corporations. His work has been featured in La Nación newspaper and Monocle magazine, among other media. He graduated from the Catholic University of Argentina. He holds BTC.