Brazil’s Securities and Exchange Commission Approves Solana-Based ETF

According to CVM’s database, the Solana-based ETF is in a pre-operational stage, so it has yet to be approved by the Brazilian stock exchange, B3. Exame, a local news organization, added that the product would follow the CME CF Solana Dollar Reference Rate, created by CF Benchmarks with the support of the Chicago Mercantile Exchange (CME).