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Brazilian Regulators Approve Spot ETF for Solana Because Clearly That Was the Only Reason It Needed to Exist

Crypto NewsHackNews 1 Barry Thompson August 16, 2024

An illustration of an astronaut floating above Earth's atmosphere with a parachute attached behind him; he is holding onto a large balloon labeled as 'Solana' while it inflates rapidly from being pierced by thousands of tiny arrows, each representing regulatory approvals. The background features various national flags waving gently in the wind and several other balloons drifting away into space.

Oh boy, here we go again! Another cryptocurrency trying to make it big by getting approved for a traditional investment product. I mean, who needs actual value or substance when you can just get regulators on your side? Brazilian regulators seem to be leading the charge, because of course they are – after all, what’s not to love about letting people invest in something that might as well be based on fairy dust

Source: bitcoin.com

Brazilian Regulator Approves Solana Spot ETF
https://news.bitcoin.com/brazilian-regulator-approves-solana-spot-etf
The Brazilian securities regulator (CVM), equivalent to the U.S. SEC, has greenlighted the launch of a solana spot ETF for national markets. The product, the first of its kind to be approved, is offered by QR and managed by Vortx. It is already in its pre-trading stages. Solana is gaining ground as another cryptocurrency aiming to make the jump to traditional investment markets. The Brazilian securities regulator (CVM), the country’s […]

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About the author

Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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