The Brazilian Securities and Exchange Commission (CVM) has announced that it has approved the first Solana spot-based ETF product. This investment vehicle, provided by the well-known Bitcoin and Ethereum ETF management company QR, will be managed by Vortx. Although this innovative financial tool is currently in its early operational phase and requires further regulatory approvals, it is anticipated that the ETF product could receive the final approval from B3 in the shortest time possible, potentially as soon as within 90 days of official release to the public. This initiative marks an important step for Solana in both the Brazilian and global financial markets, signaling ongoing growth potential and development in the cryptocurrency and blockchain sectors.