According to CVM’s database, the Solana-based ETF is in a pre-operational tier, so it has yet to be approved by the Brazilian stock exchange, B3. Exame, a local news organization, added that the product would shadow the CME CF Solana Dollar Reference Rate, created by CF Benchmarks with the support of the Chicago Mercantile Exchange (CME).
Check Also
XRP Price Skyrockets Past $1 as SEC Faces Legal Troubles And Favorable Regulatory Shift Looms
In December 2020, the SEC filed a lawsuit against Riffle Labs, accusing the company of …