Valour wins B3 approval to list Solana (SOL) ETP in Brazil
Valour, a unit of Nasdaq‑listed DeFi Technologies, has secured approval from Brazil’s B3 exchange to list a Solana (SOL) exchange‑traded product (ETP). The Solana ETP is Valour’s fifth digital‑asset ETP in Brazil, joining existing Bitcoin, Ethereum, XRP and Sui offerings. Valour manages nearly 100 digital‑asset ETPs across global regulated exchanges (including LSE, Euronext, SIX and Spotlight) spanning layer‑1s, layer‑2s, modular infrastructure, gaming and governance tokens. Brazil — Latin America’s largest financial and crypto market — is Valour’s first major market outside Europe and serves as a launchpad for expansion into Latin America, Africa, the Middle East and Asia. Listing SOL as a BDR on B3 uses the exchange’s regulated market infrastructure to give retail and institutional investors transparent, on‑exchange exposure to Solana. The approval follows rising retail and institutional participation in Brazil’s crypto market and broadens regulated access to Solana, which could increase liquidity and mainstream investor flow into SOL.
Bullish
Listing a Solana ETP on Brazil’s regulated B3 exchange increases institutional and retail accessibility to SOL via a familiar, on‑exchange vehicle. Historically, regulated exchange listings and new ETP listings tend to boost inflows and liquidity for the underlying asset as investors who prefer regulated instruments can gain exposure without using crypto wallets or unregulated venues. Short‑term impact: likely positive price pressure on SOL from increased demand and media attention around the listing. Increased traded volume and spreads may tighten as market makers provide liquidity for the ETP. Long‑term impact: broadened investor base and additional on‑ramp in a large emerging market support sustained liquidity and adoption, which is constructive for SOL’s market depth and price stability. Risks: the impact may be muted if overall crypto market sentiment turns negative or if competing listings fragment flows. Regulatory developments in Brazil or problems specific to Solana (technical outages, network issues) could also limit upside. Overall, the approval is a net positive for SOL’s price prospects given expanded regulated access in a sizable market.