Top Highlights

• Brazil’s securities regulator approved a second Solana exchange-traded fund (ETF) this week, marking the second such move in August.
• The new Solana ETF, approved by the Comissão de Valores Mobiliários (CVM) on Tuesday, will be offered by Brazil-based asset manager Hashdex, according to the regulator’s database. The fund is currently in a pre-operational phase, the data shows.
• In the U.S., both VanEck and 21Shares filed for spot Solana ETFs in June following initial approvals of Ethereum ETFs. VanEck’s Matthew Sigel, the firm’s head of digital assets research, declared earlier this month that U.S. approvals would be “inevitable” following the approval of Brazil’s first Solana ETF.
• “A snowball's chance in hell of approval unless there's change in leadership,” Balchunas said of Solana ETFs under the Gary Gensler-led SEC, which has pursued enforcement actions against a number of crypto startups and projects.
• Despite the missing Cboe filings, VanEck Digital Asset Research Head Matthew Sigel tweeted late Monday that the firm’s Solana ETF plans are still “in play.” “Remember that exchanges like Nasdaq & CBOE file rule changes (19b-4) to list new ETFs. Issuers like VanEck are responsible for the prospectus (S-1),” Sigel said in a tweet on Monday. “Ours re...

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