By Olivier Acuña | TH3FUS3 Chief Editor
Brazil's securities regulator has approved its second Solana exchange-traded fund (ETF) this month. While the altcoin-based investment vehicle gains traction in Brazil, the U.S. remains uncertain about similar approvals. VanEck and 21Shares face challenges in getting their Solana ETFs approved stateside.
This follows a year-long investigation by the Brazilian Securities and Exchange Commission (CVM)
This move aims to uncover potential tax evasion and understand market operations
His decision to lift restrictions on X accounts could lead to Brazil shutting down his platform in the country