First Spot Solana ETF Set To Launch in Brazil Following Regulatory Approval
Leading cryptocurrency asset, Solana takes center stage in Brazil as the country’s financial regulatory body has greenlighted the launch of the first Spot SOL Exchange-Traded Funds (ETF). With this clearance, Brazil becomes one of the few countries offering a regulated investment vehicle directly connected to Solana, marking a significant milestone for the nation. Spot Solana […]
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It’s a major win for Ripple ($XRP) as Brazil’s securities regulator Comissão de Valores Mobiliários (CVM) approved the world’s first $XRP spot exchange-traded fund (ETF). The news is yet another big step in the company’s expansion, which already includes partnerships with central banks. The crypto market has reacted positively to this development, which raised $XRP’s price in the past 48 hours. The development is also sure to increase the exposure of other ETFs in Brazil. This includes Solana ($SOL)—which has two ETFs in the country—as well as related projects like Solaxy ($SOLX).....
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Pressure is mounting for SEC approval of Bitcoin Spot ETF in the U.S. following a new pending spot ETF approval in Canada spearheaded by none other than Fidelity Investments. Fidelity’s Bitcoin Spot ETF product listing is titled “Fidelity Advantage Bitcoin” and pending approval to launch in Canada ...
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