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Reading: Solana ETF Approval Comes, But Not the First
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EdaFace Newsfeed > Latest News > Altcoin News > Solana ETF Approval Comes, But Not the First
Altcoin News

Solana ETF Approval Comes, But Not the First

vitalclick
Last updated: August 20, 2024 9:54 pm
5 months ago
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Although the US has taken a step back, processes for different cryptocurrencies continue and are being finalized in different countries. After the BTC and ETH ETF approvals, investors’ eyes were on the third ETF approval that could attract global attention. The US is not ready for this yet, we will not see anything like this for either XRP or SOL Coin anytime soon.

Solana ETF News

To the left (LEFT) Brazil-based asset manager Hashdex ETF approval has been received. The Brazilian Securities and Exchange Commission (CVM) announced in a new announcement that the Hashdex application made in partnership with investment bank BTG Pactual has been approved. CVM (Brazil’s SEC) data The new Solana ETF, which is in the pre-launch phase, will be offered by Hashdex, which has close to $1 billion in assets under management, according to the company. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!

SOL Coin was not affected by the news as the confirmation came from Brazil.

Hashdex B3, which also applied for an ETF for the US and received approval, is on the Brazilian stock exchange ETF Among experienced companies in the segment. The clarification of rules in Europe and the US ETF approvals, with Brazil not falling behind, may enable investors familiar with traditional finance on a global scale to turn to this area more quickly.

Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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