Brazil's Securities and Exchange Commission has approved the first Solana Spot ETF

Brazil's Securities and Exchange Commission (CVM) has approved the first Solana Spot ETF. The investment product is offered by QR, a Bitcoin and Ethereum ETF management company, and will be managed by Vortx. The ETF is still in the pre-operational stage and still needs approval from B3 for regulatory reasons. It will be launched within a maximum of 90 days.