Sol's spot ETF approved✅

The Brazilian Securities and Exchange Commission (CVM) has approved the spot Solana exchange-traded fund (ETF). Created by Brazilian asset management company QR Asset and operated by fund manager Vortx, the ETF is currently in the pre-operational stage, awaiting approval from the Brazilian Stock Exchange B3. The ETF will reference the CME CF Solana USD Reference Rate created by CF Benchmarks and the Chicago Mercantile Exchange (CME). The media commented that with the approval of the CVM, Brazil has surpassed the United States in the race to bring the Solana spot ETF to market. #MarketDownturn