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First SOL ETF Approved in Brazil: Future of Solana Ecosystem

Aug 19, 2024
  1. Approval of SOL ETF in Brazil
  2. Bitget and Solana Hackathon in Vietnam
  3. Experts' Opinions on Solana's Future

The approval of the first SOL ETF in Brazil and its potential counterpart in the US are raising interest in the Solana ecosystem. Experts are discussing the platform's prospects for the upcoming quarter.

Approval of SOL ETF in Brazil

According to reports, the first SOL ETF has been approved by Brazil’s Securities and Exchange Commission. This is expected to significantly impact the potential approval of a SOL ETF in the US.

Bitget and Solana Hackathon in Vietnam

Vietnam will witness a major hackathon organized by Bitget in collaboration with Solana. The prize pool will be $30,000. Winning projects will have access to Bitget’s 30 million user base, support from Solana Superteam Vietnam, and the opportunity to pitch to major venture capital firms like Foresight Ventures. The main eligibility criterion is that projects must be built on the Solana blockchain and integrate Bitget Wallet.

This is the first time Bitget is organizing a hackathon in Vietnam to support the growing developer ecosystem in the region. Our goal is to inspire the next generation of local creators and developers. We look forward to projects building in the Solana ecosystem and are excited to support the rapidly growing blockchain industry in Vietnam.Gracy Chen, CEO at Bitget

Experts' Opinions on Solana's Future

Many analysts believe that Solana is on the brink of a significant new phase of development. Current successful projects on the platform could become market leaders in the future.

The approval of the first SOL ETF in Brazil and the launch of the Bitget and Solana hackathon in Vietnam highlight the growing interest and prospects of the Solana ecosystem. Experts are confident that the platform is on the verge of a significant breakthrough.

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