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

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

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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