The Brazilian Securities and Exchange Commission (CVM) has approved the second Solana exchange-traded fund (ETF), which the agency has disclosed in its central database. According to the CVM database, the new Solana (SOL) ETF is in the pre-operational stage and will be launched by Brazil-based Hashdex, a Brazil-based asset manager with over $962 million in assets under management, in partnership with local investment bank BTG Pactual. Hashdex is an experienced player in the ETF space of Brazil's B3 stock exchange and has launched products such as the Nasdaq Crypto Index and ETFs based on Bitcoin and Ethereum. On August 8, CVM approved the country's first Solana ETF, issued by QR Asset, a Brazilian asset manager.