The Brazilian Securities and Exchange Commission (CVM) has approved the second Solana exchange-traded fund (ETF). This new fund is jointly launched by Brazilian asset management company Hashdex and local investment bank BTG Pactual, now entering the pre-operational phase. Hashdex, as a veteran player in the ETF sector of B3 stock exchange in Brazil, has introduced various products including NASDAQ Cryptocurrencies Index-based ETFs, Bitcoin-based ETFs, and Ethereum-based ETFs. Previously, on August 8th, CVM had authorized the first Solana ETF to be issued by Brazilian asset management company QR Asset.