Brazil's Securities and Exchange Commission has approved the issuance of the world's first Solana spot ETF

BlockBeats news, on August 8, Cointelegraph reported that the Brazilian Securities and Exchange Commission (CVM) approved the issuance of the world's first Solana spot ETF, which is provided by QR and will be managed by Vortx.

The Solana ETF approved by the CVM will use the CME CF Solana Dollar Reference Rate F as the reference price, which is intended to provide a reliable and transparent measure of the value of Solana (SOL) against the US dollar (USD).