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).....
The recent buzz surrounding the potential approval of a Spot Ethereum ETF has not only propelled Ethereum’s price but also sparked significant interest in Solana as a strong follow-up candidate for ETF consideration. Amid this optimism, Daniel Yan, co-founder of Matrixport, has proposed a strategic pivot for investors, suggesting a focus on Solana (SOL) in […]
The US crypto ETF market is bracing for a decisive stretch after the SEC’s approval of “generic listing standards” last week opened a streamlined path for spot XRP and Solana ETFs—alongside products beyond bitcoin and ether. With exchanges now able to list qualifying commodity-based ETPs without a bespoke 19b-4 approval, applicants for spot XRP and […]
The race for crypto ETFs, especially the Solana Spot Exchange-Traded Funds (ETFs), remains a significant and crucial discussion among crypto enthusiasts in the sector. While many analysts believe that approval of the funds could spark a new wave of bullish action in the market, the products continue to face several regulatory roadblocks. Crypto And Solana […]
CME Group has confirmed through its official communications on X that spot-quoted futures for XRP and Solana will go live on December 15, subject to regulatory approval. The message was simple but clear, and these crypto heavyweights might see new institutional products hitting the market soon. The announcement quickly led to attention across the crypto […]