Brazil Approves World First Spot Solana ETF
The fund, created by QR Asset and managed by Vortx, will see a trading start on Brazil’s B3 exchange within 90 days. The fund will soon start raising initial funding from early investors
The news of the fund approval was reported late Wednesday local time in one of the country’s leading business magazines, exame.
The new Solana ETF approved by the CVM will use the CME CF Solana Dollar Reference Rate as its pricing benchmark. This rate, developed by a partnership between the Chicago Mercantile Exchange (CME) and Crypto Facilities (CF), aims to provide a reliable and standardised US dollar valuation of SOL by aggregating transaction data from major cryptocurrency exchanges.
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Brazilian Spot Solana Fund to Start Trading Within Next 3 Months
The fund, created by QR Asset and managed by Vortx, will see a trading start on Brazil’s B3 exchange within 90 days. The fund will soon start raising initial funding from early investors.
Theodoro Fleury, manager and chief investment officer of QR Asset, commented on the importance of the approval.
This ETF reaffirms our commitment to offer quality and diversification to Brazilian investors. We are proud to be a global pioneer in this segment, consolidating Brazil’s position as a leading market for regulated investments in crypto assets.
